Best Execution - Switching Channels
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This feature is upgradeable
For End Users
You can activate this feature and other links for ALL VENDORS with a VendorMatch Premium subscription. Additionally you can gain access to an increased depth of data, summary reports, RFX reports (detailed completed RFIs - available to financial institutions only) and comparison grids. Please click here for more information on Premium features.
For Vendors
Vendors can activate their links and gain access to analytics by upgrading to VendorMatch PRO. Please click here for more information
Ask an Analyst
Ask an analyst is the ability to communicate with one of our analysts about this vendor, system or genre of solution.
Survey Summary
The Survey Summary provides a download of the vendor profile, solution profile and the VendorMatch Discovery survey vendor responses used to power the directory. All responses are provided by the vendor online.
Note that this report is a high level summary of the vendor's credentials and a solution's capabilities designed to assist with solution short-listing. The RFX report is the more comprehensive Request For Information report designed to support evaluation and selection, this will only show where the vendor has completed the "RFX" RFI.
HOW TO SUBSCRIBE
To protect vendor data only financial institutions and recognized advisors can subscribe to VendorMatch Premium. Please click here for more information on Premium features or contact us to discuss a subscription.
RFX Report
The RFX report is an XLS download of the Vendors response to the “RFX” Request for Information for this solution.
The RFX is a centralized golden copy of a RFI authored by our analysts based on their expertise in running real-life system evaluation and selection projects and completed by the vendor online.
Note to protect vendor that only Financial Institutions and recognized Advisor can subscribe to this feature.
In each instance the first time the link is used the user requests permission to access the RFX report and it is the vendor who is required to authorizes access. You will be alerted when the vendor has reviewed your request and granted permission.
HOW TO SUBSCRIBE
You can activate this feature with a VendorMatch Premium subscription. Please click here for more information on Premium features or contact us to discuss a subscription.
To learn more about subscribing to our service options, please contact us here
Lee Sanders, head of execution FX & MM and UK & Asia Fixed Income Trading at AXA Investment Managers explains the move to a new dealing system, and AXA's move to TradingScreen for FX in the latest issue of Best Execution Magazine.
"We will consider an execution management system (EMS) such as TradingScreen because it could provide a breakdown of the market, this snapshot will mean that we only have to go into one system to be able to take prices from any of the 15 or so banks that we deal with. Aggregation makes for punchier prices and more liquidity if it has support from all.
The EMS is more cost effective because it enables direct market access versus an order management system (OMS) which facilitates trades through an intermediary, which can be more expensive and time consuming.
It has five or six different ways we can access fixed income liquidity and it gives us more flexibility in terms of order types than the RFQ (request for quote) protocol that had dominated market structure in the past. The advantage of an OMS is strong compliance but an EMS offers higher levels of granularity in execution control. Other benefits include anonymity and its ability to select execution venues through aggregation, including algorithms and cleaner and better transaction cost analysis (TCA may also be achieved and with potentially better execution)...We have worked with TradingScreen to develop a credible data set that we can distribute internally and also use externally and we would see this as a positive in fixed income as it has been in FX."
Click here to read the interview.
Best Execution - Summer 2014 Issue - July 3, 2014