Larry manley, a hedge fund manager with Manley Asset Management of Chatham, N.J., has found a way to save on trading costs, specifically on those days when his trading strategy involves the use of more than one algorithm offered by two or more sell-side firms. His strategy? He trades through Electronic Specialist (ESP) of New York, one of the new algorithmic trading aggregation hubs that offer central clearing services, which are now offered by several registered broker-dealers.
展开▼
