Boston, December 10, 2015 – As trading volume suffers but the cost to maintain global electronic trading infrastructures does not decline, bulge-bracket firms’ appetite to provide white-label electronic trading services has waned. Lower-tier brokers without the deep pockets to build and maintain their own infrastructure are left searching for other options or face exiting the execution business altogether. Is the next generation of white-label execution vendors prepared to meet their needs?
This report highlights key trends behind the vendor-driven white-label electronic execution business and offers details on two leading providers: Clearpool Group, and Pragma. It is based on 2015 interviews with leading vendors and broker-dealers actively white labeling electronic execution services.
This 18-page Impact Note contains seven figures and one table. Clients of Aite Group’s Institutional Securities & Investments service can download this report.