Our Trading Operations
Dedicated expert teams in the U.S., U.K. and APAC manage the entire execution lifecycle 24/6, following the sun with a proactive service approach.
Global Trading Operations: Expertise and Solutions Beyond the Trade
Our dedicated teams in the U.S., U.K. and APAC, averaging 20+ years of experience, manage the entire execution lifecycle from pre-trade setup and order initiation to the timely settlement and clearance of each order to our client’s custodian or prime broker, including custom end-of-day reporting.
Centralized operations reduce the costs and risks associated with numerous broker-dealer counterparties.
- Establish operations playbook tailored to client’s needs pre & post trade
- Maintain restricted lists and other high-level pre-trade compliance needs
- Support clearing for Tourmaline as counterparty and/or authorized direct-broker settlement
- Customize FIX tag capabilities to optimize client workflow
- 24x6 ‘follow-the-sun’ model for local operational support
- Trade Settlement, clearance and break resolution
- Leverage our deep relationships with Custodians/Prime Brokers to automate post trade workflows
- Expertise includes execution operations for trading and settling global equities / derivatives / ETFs / SWAPs
- Provide comprehensive reporting and website access for all trade detail
- Assist client compliance teams with local market regulatory requirements
- Manage all trade reporting obligations (under MiFID)
- Tailored transaction cost analysis (TCA) reporting
Tourmaline provides a comprehensive, centralized commission management offering for institutional clients through CCAs, CSAs, aggregation and attribution.
CCAs / CSAs / Aggregation / Attribution
- Execute with Tourmaline Partners or aggregate in business from the executing brokers of your choice
- In-house expertise, service and regulatory oversight
- Comprehensive reporting, transparency and 24/7 website access
Attributed Trading for Research Credit
- Direct specific trades or a budgeted research target to key sell-side brokers
- Tourmaline is your sole counterparty, creating operational efficiency
- Custom EOM reporting, FIX tagging and website detail
Service & Expertise
- 24-hour access to our secure, encrypted website
- Online payment review & approval interface
- Detailed reporting including month-by-month and YTD accounting of research commissions, spending and sell-side attribution
- Archived/full audit trail of historical CCA/CSA business
- Research Payment Anonymity
- Compliance and CCA/CSA Oversight