Trading Technologies Launches Innovative TT® Broker Scorecard for Equity Brokers
Trading Technologies International, Inc. (TT) has taken a significant step forward by launching the TT Broker Scorecard, an innovative monthly report ranking global and regional equity brokers based on their liquidity and execution quality. This first-of-its-kind scorecard aims to provide an independent perspective on the institutional market, utilizing data that has been aggregated and anonymized by Abel Noser Solutions, a firm acquired by TT in 2023.
The TT Broker Scorecard is accessible through Trade Zoom, the leading transaction cost analysis (TCA) solution designed for investment managers, asset owners, consultants, and brokers around the globe. Users of the Trade Zoom platform will benefit from the ability to retrieve historical trade data, allowing them to delve into specifics as needed.
This new scorecard will empower buy-side participants to seamlessly identify and evaluate brokerage firms operating within distinct market segments. They will be able to assess broker liquidity and estimate potential costs before executing trades. Furthermore, the scorecard provides a robust way for users to analyze post-trade performance in relation to their peers, thanks to the TCA product suite offered by Abel Noser Solutions.
On the other hand, sell-side firms can leverage the TT Broker Scorecard to identify their own competitive strengths and areas needing improvement. With this information, they can strategically market themselves in regions or market segments where they have a competitive edge.
Peter Weiler, EVP Managing Director of Data Analytics at Trading Technologies, remarked, ‘In today's fiercely competitive landscape, the buy side is actively seeking liquidity in markets that have become increasingly concentrated. Simultaneously, the sell side must find innovative ways to bolster and protect their market share. The TT Broker Scorecard is positioned to unveil unique business advantages for both sides by tapping into the expansive data available through our leading-edge TCA platform.’
As firms on the buy-side search for the most active counterparties in various segments—be it regional, country-specific, or by market capitalization—the TT Broker Scorecard will be an invaluable tool. Sell-side brokers can apply these insights not only to promote their liquidity where it’s strongest but also to pinpoint areas worthy of growth, helping them to outpace competition and safeguard their market presence.
The unveiling of the TT Broker Scorecard follows several notable milestones in TCA that Trading Technologies has achieved recently. In November, Abel Noser Solutions received accolades for being the TCA Provider of the Year at The TRADE’s inaugural Leaders in Trading Awards in New York, alongside being recognized for having the Best Buy-Side TCA Tool at WatersTechnology's Buy-Side Technology Awards 2024.
Additionally, in June, Trading Technologies introduced TT Futures TCA, a comprehensive product leveraging the vast collection of anonymized data from the futures market that features advanced metrics with unparalleled granularity, marking a significant development in the provision of real-world trading data.
Abel Noser Solutions is celebrated for its pioneering role in assisting both buy-side and sell-side firms in minimizing trading costs while maintaining analytical governance over their trading strategies. With over 350 institutional clients, the firm has established itself as a significant player in the multi-asset TCA and compliance space, further solidifying its reputation by co-developing the volume-weighted average price (VWAP) methodology—one of the most widely used methodologies for assessing trade costs across the financial markets.
With Abel Noser’s integration into Trading Technologies as of August 2023, the company has expanded its footprint in the multi-asset data and analytics realm, offering a valuable depth of services to a diverse and thriving client base.
Trading Technologies, known for its robust SaaS technology platform serving the global capital markets industry, connects customers to major international exchanges and liquidity venues. Through its award-winning TT platform, it offers a spectrum of services including trade execution, risk management, and market data solutions, catering to leading sell-side firms, buy-side players, and exchanges alike. By forging critical partnerships with tech providers, Trading Technologies ensures that its clients have access to a plethora of complementary offerings, enhancing the efficacy of their trading operations.
The TT Broker Scorecard is accessible through Trade Zoom, the leading transaction cost analysis (TCA) solution designed for investment managers, asset owners, consultants, and brokers around the globe. Users of the Trade Zoom platform will benefit from the ability to retrieve historical trade data, allowing them to delve into specifics as needed.
This new scorecard will empower buy-side participants to seamlessly identify and evaluate brokerage firms operating within distinct market segments. They will be able to assess broker liquidity and estimate potential costs before executing trades. Furthermore, the scorecard provides a robust way for users to analyze post-trade performance in relation to their peers, thanks to the TCA product suite offered by Abel Noser Solutions.
On the other hand, sell-side firms can leverage the TT Broker Scorecard to identify their own competitive strengths and areas needing improvement. With this information, they can strategically market themselves in regions or market segments where they have a competitive edge.
Peter Weiler, EVP Managing Director of Data Analytics at Trading Technologies, remarked, ‘In today's fiercely competitive landscape, the buy side is actively seeking liquidity in markets that have become increasingly concentrated. Simultaneously, the sell side must find innovative ways to bolster and protect their market share. The TT Broker Scorecard is positioned to unveil unique business advantages for both sides by tapping into the expansive data available through our leading-edge TCA platform.’
As firms on the buy-side search for the most active counterparties in various segments—be it regional, country-specific, or by market capitalization—the TT Broker Scorecard will be an invaluable tool. Sell-side brokers can apply these insights not only to promote their liquidity where it’s strongest but also to pinpoint areas worthy of growth, helping them to outpace competition and safeguard their market presence.
The unveiling of the TT Broker Scorecard follows several notable milestones in TCA that Trading Technologies has achieved recently. In November, Abel Noser Solutions received accolades for being the TCA Provider of the Year at The TRADE’s inaugural Leaders in Trading Awards in New York, alongside being recognized for having the Best Buy-Side TCA Tool at WatersTechnology's Buy-Side Technology Awards 2024.
Additionally, in June, Trading Technologies introduced TT Futures TCA, a comprehensive product leveraging the vast collection of anonymized data from the futures market that features advanced metrics with unparalleled granularity, marking a significant development in the provision of real-world trading data.
Abel Noser Solutions is celebrated for its pioneering role in assisting both buy-side and sell-side firms in minimizing trading costs while maintaining analytical governance over their trading strategies. With over 350 institutional clients, the firm has established itself as a significant player in the multi-asset TCA and compliance space, further solidifying its reputation by co-developing the volume-weighted average price (VWAP) methodology—one of the most widely used methodologies for assessing trade costs across the financial markets.
With Abel Noser’s integration into Trading Technologies as of August 2023, the company has expanded its footprint in the multi-asset data and analytics realm, offering a valuable depth of services to a diverse and thriving client base.
Trading Technologies, known for its robust SaaS technology platform serving the global capital markets industry, connects customers to major international exchanges and liquidity venues. Through its award-winning TT platform, it offers a spectrum of services including trade execution, risk management, and market data solutions, catering to leading sell-side firms, buy-side players, and exchanges alike. By forging critical partnerships with tech providers, Trading Technologies ensures that its clients have access to a plethora of complementary offerings, enhancing the efficacy of their trading operations.
Topics Financial Services & Investing）
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