The 'Holy Grail': Pre-Trade Analytics

摘要

In today's hyper-competitive, cost-conscious trading environment, fund managers and buy-side traders are obligated to watch every penny, and to do so, many have turned to computerized algorithms provided by brokers at cut-rate commissions. Algorithms have become a must-have for brokers seeking to gain new business and retain current clients — TowerGroup estimates that buy-side adoption of algorithms will triple between 2003 and 2006. But now that a plethora of algorithms is available, the buy side is looking for more quantitative support than just post-trade transaction cost analysis (TCA).