Approximately one-third of all institutional equity transactions are dealt via a portfolio trading strategy. Despite this, bidding for portfolio trades has always been a manual process lacking in transparency. In a climate where both regulators and clients are demanding ever greater clarity, the market needs innovation. BidRoute is the future of portfolio trading. It is the first automated auction service for equity portfolio trades. It offers true best execution by replacing the old labour intensive process with an electronic, reportable, industry-wide platform for portfolio trade bidding.
The benefits of using BidRoute extend across both investment management and broking industries in every aspect from board to trading floor and, ultimately, to the end client.
Bidroute overview (314 KB)Introduction to Version 2 (501 KB)
BidRoute Wins at the ICFA Global Awards 2008 (501 KB)
BidRoute Launch Pad
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Contact our customer care team at:
+44 870 766 9338
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BidRoute takes an inefficient but cost-effective way of trading equities-portfolio trading-and makes it quick, easy and convenient.
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″ Those organisations with good execution policies, which they can evidence, will have a commercial advantage over those that do not. Not only will their current clients continue to benefit, but they can also expect to attract new clients.″
Source: Roderick Walker, senior consultant, DCE Consultants, The Trade, December 2006.
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″ It should be possible for dealers to monitor the judgements they make about the best possible result and how to obtain it for their clients.″
Source: FSA Discussion Paper "Implementing MiFIDs Best Execution Requirements", May 2006.
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″ The NYSE defines portfolio trading as any trading strategy involving the simultaneous trading of fifteen or more stocks with a total aggregate value of $1m or more.″
Source: New York Stock Exchange
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″ There will be greater accountability right the way up the value chain, extending from the broker upstream to the end-investor. The broker-dealer carrying out the execution will owe-and need to evidence-the appropriate duty of care to their investment manager clients″
Source: Dr Anthony Kirby, chair of the MiFID joint working group, Best Execution Subject Group
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Lack of automation for portfolio trading makes for inefficiency, a lack of transparency and unequal competition. Brokers have no guarantee that they are bidding on an equal footing with their competitors while portfolio managers construct and present trades in a myriad of different formats relying on low-level technology such as spreadsheets and email.
Schedule a demo, set up a time to talk, or learn more about the company. Contact us...
- Phone : +44 870 766 9338
- Email : learnmore@bidroute.com
BidRoute is an independent company founded by three respected professionals, each with an unrivalled pedigree in their respective fields - Julian Lee, Barry Marshall and Kevin Houstoun.
Registered in England and Wales
Company reg number: 5930129
VAT reg number: 900 1082 89
Registered address:
The Coach House,
Greys Green Business Centre,
Henley-on-Thames,
Oxon,
RG9 4QG
