Trading Solutions on Your Terms
We serve as a consolidated conduit between our clients and sell-side brokers, and bring to bear our expertise to solve their trading challenges. Clients come to us with a variety of needs, so we offer a range of approaches.
100% Outsourced Solution
Some clients are concerned about the expense of building and staffing their own trading desk. Others worry that their limited size will keep them from accessing the liquidity they need. That is why we offer the ability to delegate their entire trading function to us, reducing fixed costs, improving execution, and leveraging our size.
Some firms have complex needs that require a truly custom solution. In these cases, we can design and deliver a custom platform solution that addresses today’s trading challenges and is tailored to a client’s business model.
In-house trading teams can be stretched. We help these firms by offering trading on an ad hoc basis, with clients only paying for the trades we execute. We can take on clients’ international trading, labor-intensive trades or illiquid situations. Use us for added expertise, in times of greater activity, or simply when traders are on vacation.
Even sophisticated and robust trading desks find value in our ability to trade on their behalf. Because we offer truly anonymous trading, we are a trusted partner to concentrated position-holders such as activists, private equity firms and top shareholders. For firms expanding into new markets, we offer a global footprint and experienced traders to fill a specific trading need.
Solutions Beyond the Trade
As traders with long tenure in this business, we have learned that delivering liquidity is not enough. We also offer a consultative approach, a commitment to service, and security-specific insights that allow us to trade effectively on your behalf.
Our 360-degree perspective gives us knowledge about specific companies and issuers, as well as up-to-the-minute knowledge of market color. We know the pricing trends – and the reasons behind those trends.
We understand all of the aspects that make best execution possible. Our traders will consult with you, providing strategic guidance on your trades that can make a significant difference in trading costs and performance.
You can feel confident that we offer excellence from trade execution through settlement, delivering:
The best possible price
Minimized market impact
Real-time trade transparency
The option to trade anonymously
Broker attribution reporting
Research and insights to enhance performance
TRADE SUPPORT SERVICES
Because successful investing goes well beyond efficient trading, we couple trade support with the back-office services you need.
International swap aggregation
Transaction cost analysis reporting
We offer a comprehensive, centralized commission management solution for institutional clients using CCAs and CSAs. Our flexible approach allows clients to credit their CCA/CSA account when trading directly with Tourmaline Partners and/or with the executing broker(s) of their choice, while aggregating their commissions in a single, centralized account.
Our unique structure – un-conflicted by a proprietary trading desk, external equity partners or an overlying institutional trading desk –creates an ideal framework in which we operate.
We do not share the details of any payment transaction beyond our walls. All information regarding the brokers and independent research companies whom we pay on our client’s behalf reside solely with Tourmaline Partners.
SERVICE & EXPERTISE
Our consultative approach keeps our clients apprised of regulatory requirements, current trends and industry best practices:
24-hour access to our secure, encrypted website
Online payment review & approval interface
Over 50 years of commission management experience
We maintain all client commission balances in a segregated account, apart from our operating capital. We do not make markets, we do no proprietary trading or banking, and we do not engage in any risk businesses.
RESEARCH & UNBUNDLING
Tourmaline provides access to research and brokerage services from a growing universe of independent boutiques and analysts, brokerage firms of all sizes and companies providing market information, data and analytics.
Attributed Trading for Research Credit
In addition to using CSAs/CCAs to fund research budgets, clients of Tourmaline may also direct trades to brokers of their choice. Attributed Trading (or ‘Attribution’) enables Tourmaline’s buy-side clients to pay select brokers for research and other services, when they do not have an established trading relationship with these brokers themselves, and regardless of whether they have a CSA or CCA account with Tourmaline.