Paul Rowady – “Ok. So, in order to avoid one of those vein-popping rants, I just want to remind that there is no such thing as a free lunch, that the retail brokerages are not charities, and that they will absolutely make up lost commission revenues in other ways, usually obfuscated way down in the guts of their workflow process where few people notice.”
Tim Cave – As Exhibit 4, below, shows, the future prospects for the ELP SI market are affected by a range of regulatory, operational and competitive forces. Taking all these factors into account, we think there is no reason why this market won’t continue to grow over the next 12 to 28 months. That said, the continued collection of data on ELP SI execution quality by brokers is likely to reinforce the consolidation of activity into the best-performing SIs, making it difficult for others to survive.
GLOBE NEWSWIRE – The Brokereach service has been significantly enhanced visually and is now enriched with new third-party integrations. At the same time, it remains a cost-free web trading platform, with the broker paying a small fee for FIX connectivity.
InfoReach – The New HiFREQ Strategy Testing Framework Allows InfoReach Clients to Evaluate Performance and Validate the Behavior of Trading Strategies
Don Ross – Our markets, you see, were not built for institutions. They were built for the little guys – guys with little orders. We have complex and costly market-linkage and order-handling rules to protect their orders.
John Jannes – Here are three key takeaways that broker-dealers need to think about.
2. Start gathering the required look-through data.
3. Understand the two options to obtain and process downstream execution data.