ITG's Alasdair Haynes: Maintaining the Cross
DWT:
Some banks are willing to be systematic internalizers. Is this new competition changing how ITG operates?Alasdair Haynes, ITG:
Posit, [our crossing network], will have more competition with systematic internalizers, but on the other hand, execution management becomes way more important. Transaction cost analysis (TCA) becomes way more important, and pre-trade analytics and algorithms become more important, so much of our business benefits. Fragmentation is always good for us because weOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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