On September 14, STA hosted Sayant Chatterjee, COO, LiquidityBook, Aaron Hantman, CEO, Tourmaline Partners, and Jeff LeVeen, Managing Director, JonesTrading, on an open call to discuss key topics and trends in the outsourced trading space. Here is a recap of their discussion written by Sam Belden of Forefront Communications.
It’s no secret that outsourced trading is on the rise. According to a recent study by Coalition Greenwich, the number of outsourced trading vendors has grown by more than 400% in the last four years. As buy-side firms face headwinds including cost pressures and regulatory scrutiny, they are actively seeking ways to boost operational efficiency, and leaning on specialists to support their trading activities – whether fully or in a supplemental capacity – has become an increasingly common approach.
On September 14, Security Traders Association (STA) hosted three industry thought leaders – Sayant Chatterjee (COO, LiquidityBook), Aaron Hantman (CEO, Tourmaline Partners) and Jeff LeVeen (Managing Director, JonesTrading) – on an open call to discuss some of the key topics and trends in the outsourced trading space. The conversation was moderated by Jim Toes (President and CEO, STA).
Tourmaline and JonesTrading represent two distinct outsourced trading business models, while LiquidityBook provides trade management solutions specifically designed for outsourced trading to both firms.
The open call was the first session in what will be a two-part discussion on outsourced trading. The conversation will continue via a dedicated panel discussion on October 13 at this year’s STA Market Structure Conference in Washington, D.C.
“The competitive and regulatory landscapes are ever-changing, and it has been fascinating to see the buy side identify outsourced trading as a means of smoothly navigating them,” said Toes. “We are excited to put a spotlight on this growing space, not just with this open call, but at our national conference as well.”
Key topics of discussion included:
An overview of outsourced trading
The types of service models that exist
The influence of technology on outsourced trading
Stay tuned for more insights on the outsourced trading landscape.
