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SOURCE Abel Noser Solutions
Liquidnet Tops Global Rankings for 3rd Year in a Row, Also Leads North America and Europe
Results Demonstrate Transparency and Service Are Keys to Best Execution
NEW YORK, July 28, 2014 /PRNewswire/ -- Abel Noser Solutions (ANS) today announced the release of its annual Global Broker Performance Study. The report mined over $7.5 trillion of equity trades to determine which brokers provide the best execution for institutional investors.
"The common denominator among the brokers that topped this year's list was their emphasis on customer-centered agency trading and transparency over dark pools and high frequency trading," said Ted Morgan, Chief Operating Officer, ANS. "By investing in technology that increases liquidity and routes trades in the most effective way, firms like Liquidnet and ITG, which finished first and second in the world respectively, are adding significant value for their clients. As trading desks at the major investment banks continue to trim headcount, the fact that three agency-only brokers made the top 10 global rankings is a testament to how investors are seeing the benefits of their business model."
Morgan continued: "In today's competitive, fragmented and opaque market environment, it has become more critical than ever for institutional investors and plan sponsors to get the most out of every commission dollar they spend. ANS' Global Broker Performance Study highlights our commitment to leveraging robust analytics and best-in-class technology to help our clients execute trades at the lowest cost and the highest quality."
The study evaluates brokers using placement strike price results that reflect the moment when the broker first received instructions from the buy-side trader. ANS measured brokers on placement strike price summary results for the largest brokers in each region. The brokers' performance was evaluated against their "trade-level" benchmarks to assess which brokers executed best when accounting for market conditions. To calculate trade-level benchmarks, ANS leveraged its proprietary universe of measured trades, consisting of over $7.5 trillion in trading from over 500 institutions globally.
About Abel Noser Solutions
A sister company to Abel/Noser, Abel Noser Solutions was launched in 2007 to pioneer new trading methods, and to provide broker-neutral pre-trade, real-time and post-trade tools to institutional investors. Each day the company collects data from over 500 firms, and records trading data for over 20,000 stocks that trade on over 100 exchanges to provide one of the most comprehensive views of the industry. Clients receive actionable analysis at every point in the trade lifecycle, and on average pay commissions that are 44% lower than industry benchmarks.
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