How Supplemental Trading Can Boost Results for the Buy Side

Broker dealers and asset managers are undergoing a period of significant and radical change, largely driven by regulation, advancements in trading technology and the impact of passive management. As if these challenges weren’t enough, equity commissions are down 45% since 2009. In no uncertain terms, players on both sides of the fence are being forced to rethink past practices.   

Supplemental Trading: Expanding the Reach of Buy-Side Traders — Money Management Executive

Broker dealers and asset managers are undergoing a period of significant and radical change, largely driven by regulation, advancements in trading technology and the impact of passive management. As if these challenges weren’t enough, equity commissions are down 45% since 2009. In no uncertain terms, players on both sides of the fence are being forced to rethink past practices.   

Outsourcers Eye Bigger Role in Funds’ Fixed Income Trading — Risk.net

Exoé, Linear Investments and Tourmaline Partners may not be household names but they are quietly reshaping the way asset managers trade. Providers of outsourced trading such as these are enjoying fast-rising revenues and their prospects are sunny. One reason: an opportunity to venture deeper into fixed income from their traditional home of equities trading. “There are more and more firms talking to us about fixed income and how that would work,” says Chris Hurley, director of institutional sales at Dallas -based Capital Institutional Services, another provider of a service that allows firms to hand over some or all of their trade execution to an outside desk.

MiFID II & Best Execution: How Leaning on Specialists Can Help

More than a year has passed since the introduction of new best execution requirements under MiFID II, but for many buy-side firms the difficulties and costs of complying with these rules have only continued to grow. Of course, the intention behind MiFID II is to create additional safeguards in order to protect the market and its participants from a repeat of the 2008 financial crisis. The architects of the Directive may even have expected that the new rules would be relatively straightforward to implement, particularly with many instruments having already been pushed onto lit, centrally cleared exchanges under EMIR and MiFIR. But we now know that the new requirements have created an additional layer of complexity for most market participants, not just those few that may have been failing to achieve best execution in the first place.

Tourmaline Partners Adds to Senior Leadership in Australia, Addressing Continued Growth in the Asia-Pacific Region for its Outsourced Trading Business

Tourmaline Partners, LLC, one of the world's leading outsourced trading solutions firms, today announced the hires of two senior professionals, spurred by continued growth in Australia and Asia. Matt McShane has joined as Director of Operations for Asia, while Simon Twiss has joined as Director of Pan-Asia Trading.

Outsourced Trading: Opportunity Amid Disruption — Markets Media

A recent survey of Traders Magazine readers, representing a broad spectrum of buy-and sell-side professionals, found that 28% work for firms that have either already outsourced some of their trading and back-office operations or are actively considering doing so. That may not sound like a big number, but given outsourced trading’s longstanding reputation as a niche service for hedge funds only, it qualifies as a significant figure.

The Growth of Outsourced Trading

In the US, a buy-side firm outsourcing its trading desk to a specialist provider isn’t new; but in Europe, it’s been less common, until recently. In this Financial Markets Insights video, Mike O’Hara of The Realization Group talks to Aaron Hantman, CEO, and Andrew Walton, Head of European Business, at Tourmaline, one of the leading providers of outsourced trading solutions to the buy side, about the drivers behind the trend and which functions are appropriate for outsourcing.

Tourmaline Partners Adds Industry Veterans Seth Hoenig and Aidan Toomey to Trading Team

STAMFORD, CT – August 9, 2018 (GLOBE NEWSWIRE) – Tourmaline Partners, LLC, one of the world’s leading outsourced trading solutions firms, today announced that industry veterans Seth Hoenig and Aidan Toomey have joined as Managing Directors. These new hires represent a significant addition to a robust team of senior trading professionals who are addressing a growing demand for Tourmaline’s trading and commission management services.

CEO CHAT: Aaron Hantman, Tourmaline Partners — Markets Media

Technology and innovation continue to disrupt industries and businesses around the world, and the investment management industry is no exception. Regulation – in the form of MiFID II – now adds a new challenge to an industry already wrestling with technological change in both equity trading and research. In a conversation with Traders Magazine, Tourmaline Partners CEO Aaron Hantman and Managing Partner Tim O’Halloran discuss how these trends are impacting their business.