Behind the Screen—Transformational Change
The scenario is familiar and one that is decades old. An asset manager needs to buy a large block of stock. What is new, however, is the way in which today’s manager executes the order. Buy-side trading desks use sophisticated systems to analyse the stock, assess market conditions, and estimate the impact of various execution strategies. Because execution performance is more important than ever in today’s turbulent markets, the trader automatically exposes the order to crossing networks, which alert her to natural block crossing opportunities.
