We focus exclusively on helping buy-side firms define, measure and achieve best execution on every trade. We do not compete against the sell-side in any of their core businesses. This singular focus removes all potential conflicts of interest that would limit our access to liquidity.
Conflict-free. No banking, research, market making or prop trading | A team of experienced traders | Market leading pre- and post-trade TCA | Agnostic and employee owned
Seen as a Large Buy-Side Firm
The Street recognizes Tourmaline as a large buy-side firm because we represent the flow of more than 300 institutional clients and we do not compete with the sell-side on any lines of business. Tourmaline clients receive significant benefit from the firm’s collective size. This includes access to the best sell-side tools, liquidity and market intelligence needed to achieve best execution.
350+ global sell-side relationships | 35+ sell-side algo suites, dark pools and ATSs | All liquidity sources: dark pools, systematic internalizers, market makers | Trading strategies to provide anonymity or ensure research credit
Whether it’s an emerging fund that wants to outsource its entire trading function or a global asset manager that needs to supplement its existing capabilities, Tourmaline tailors its solution to meet a firm’s specific requirements. With us, clients can outsource as much or as little of their trading as they need while maintaining full control.
Four service models to accommodate clients with $50 million AUM to $100 billion AUM: 1) fully outsourced solutions, 2) supplemental trading resources, 3) special situations, 4) custom in-house trading solutions
All Tourmaline employees have proven themselves as experts in their respective disciplines, whether it be trading, operations or compliance. The result is a degree of knowledge, professionalism and relationships that delivers a level of service and overall experience nearly impossible to duplicate.
Traders average 15+ years of experience | CSA/CCA team members average 20+ years of experience | Operation team members average 20+ years of experience
Tourmaline exclusively provides outsourced trading solutions to the institutional investment community through offices in North America, Europe and Asia-Pacific. Through its continuous investment in technology and human capital, Tourmaline has gained the experience and scale necessary to support the most demanding buy-side trading and trade support requirements. 30+ traders in the U.S., Europe and Australia | 24 x 6 coverage | State-of-the-art IT infrastructure | Full trade support: clearing, settlement, TCA reporting, comprehensive CCA, CSA and Attributed Trading | Robust FIX capabilities | Access to more than 45 markets globally