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.
