Citadel Securities: understanding LP performance set to drive behaviour
As execution quality is better understood, clients will look to deepen relationships with good liquidity providers
Measuring execution quality has been a key driver of market trends in 2017, which has helped liquidity takers to better understand the performance of their counterparties and, in turn, improve their execution quality.
“We have been focusing on client execution quality and transaction cost analysis, and we see these as ongoing themes for next year. The increasing use of TCA in the marketplace has been important in helping liquidity takers better understand and evaluate liquidity provider (LP)
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