Buy side abandons ‘guessing’ execution outcomes
Weisberg: “I think the relevant question today is: am I doing that right, and how am I sure I am getting the best outcome?”
A growing number of buy-side market participants are moving beyond the stage of ‘guessing’ they are getting best execution by using request-for-quote (RFQ) platforms and turning to transaction cost analysis (TCA) tools to get a precise picture, according to panellists at the 11th annual FX Invest North America conference in Boston on April 25.
“Algos are probably where people have gotten the most comfort, but there are a lot of other tools out there that the buy side can take advantage of. It
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