It is a tall order, but buy-side institutions seem to want it all these days. While the global financial industry continues to grapple with increasing regulatory pressure for greater transparency, better management and controls in all aspects of cross-asset class risk, buy-side institutions still want to reduce cost and inefficiency in their trading operations.
At a recent forum for buy-side traders hosted by Bloomberg Tradebook, buy-side executives said that the most important factors in selecting an agency broker are the provision of independent research and trade ideas that keep them abreast of the latest trends. When asked what kind of support they want most from their broker dealers, the group said more information on stocks and the market, followed by a trading desk to work orders and evaluations of the effectiveness of potential tools and algorithms.
