We’ve been told there are a host of issues that negatively affect the way buy side traders can do their jobs, but for change to happen they need to collectively lay out their demands to a range of market participants, from banks and regulators to technology providers and buy side firms themselves.
In order to shape this collective narrative, this report – the first chapter in a series – lays out the current state of play on buy side desks, their vision for the future and the practical steps that need to be taken to achieve them.
The report series was compiled with input from 50 head traders from the largest AUM buy side firms globally, at the annual FX Leaders meeting.
Chapter 1: Value-add TCA
Our buy side Leaders provided their thoughts on where TCA can add-value to their desks, and what steps need to be taken both internally and by other market participants for this journey to be completed.
The group put forward a set of common challenges as well as what ‘utopia’ would look like, and a best of breed solution provider committed to next steps to overcome and achieve these demands.
It’s challenging to automate standard tolerances as each buy side firm will have a different view, and is operating with a different Best Execution policy.”
Download the report to read the findings.