Survey respondents identified several factors driving increased adoption of electronic trading among European asset managers and hedge funds, including greater efficiency, reduced costs, MiFID / best execution requirements and greater control over order flow.
The majority of respondents stated that the primary factor influencing their choice of electronic trading platforms was âaccess to multiple sources of liquidity / range of products offeredâ followed by speed of execution and ease of integration. The survey also identified liquidity fragmentation, OMS/EMS integration and best execution policies as the three leading challenges facing buy-side trading desks.
Commenting on the results, Harrell Smith, co-head of product strategy at Portware, says: âThe survey highlights the buy-sideâs need for flexible, multi-asset and broker-neutral electronic trading platforms, a model that Portware has long endorsed. Since its founding, Portware has provided clients with a complete trading solution, including access to multiple brokers and market destinations and true cross asset trading. Our solution also provides seamless integration with existing workflow applications, and support for regulatory initiatives including MiFID and Reg NMS. Portwareâs flexible, open architecture allows firms to navigate an increasingly dynamic and technology-driven marketplace with a single, cost-effective trading solution.â