A Thomson Reuters Extel survey ranked UBS number one in all three of the key disciplines of research: Research (tenth year); Sales (ninth year running); and Equity Trading and Execution (up from second place in 2009).
Among the mishaps were an unexpected delay at the start of trading, missing trade execution messages and, at one point, orders that were filled by hand.
J. P. Morgan Chase agreed yesterday to buy the Plexus Group, a closely held firm that provides research on trading costs and execution, as it seeks to increase services to pension funds and other institutional investors.
In the third phase, which is scheduled to begin in mid-2015, JPX will re-examine the appropriateness of the present tick size based on its impact on trading conditions and execution costs.
Price formation is at its most efficient with compulsory publication of pre-trade intentions and trade execution.
I will not touch on the quantitative research on buy-side topics here; papers on portfolio management, algorithmic trading and trade execution, though a significant part of Risk's output, are not relevant to the special edition of this journal.
Active traders should consider wraparound accounts at firms like Merrill or use firms like Datek, My Discount Broker, Webstreet or A.B. Watley, renowned for their cheap trades and fast execution.
Fixed Income Securities - Dean Witter provided trading and order execution services for a broad range of fixed income securities, including U.S. Treasury bonds, mortgage-backed securities, corporate bonds, municipal bonds and certificates of deposit.
"He certainly has made changes to personnel; he has positioned the company to get closer to the trade and to monitor execution more carefully".
