Goldman Sachs: analytics pushes SDPs to fore
As clients ask more detailed questions about execution, deepening key relationships is high on the agenda
Clients have changed. Not so long ago, the concept of good execution comprised very little else than passing orders on to a relationship bank, unless it was left for the custodian to manage, as it saw fit. With electronic venues carving out a space sometime later, this idea has morphed into having access to a multi-dealer platform (MDP) where a panel of banks quote prices or whose streams are aggregated together.
“Today, clients are asking much more informed questions about execution than
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