[ O U T S O U R C E D T R A D I N G S U R V E Y ]
LSEG TORA
LSEG TORA |
2025 |
2024 |
2023 |
Global |
Difference to Global |
Coverage |
6.60 |
5.56 |
6.81 |
6.25 |
0.35 |
Execution |
6.10 |
5.30 |
6.62 |
6.20 |
-0.10 |
Operations and Post-Trade |
5.90 |
5.50 |
6.62 |
6.19 |
-0.29 |
Relationship Management |
6.10 |
6.00 |
6.33 |
6.15 |
-0.05 |
Trade Decision Support |
5.44 |
5.33 |
6.24 |
6.00 |
-0.56 |
IPO Process and Allocations |
5.00 |
5.25 |
- |
5.25 |
-0.25 |
Onboarding |
5.40 |
5.38 |
5.67 |
5.98 |
-0.58 |
Client Services |
5.50 |
- |
- |
6.15 |
-0.65 |
Cost vs Value |
5.50 |
5.50 |
6.43 |
5.99 |
-0.49 |
Average |
5.73 |
5.52 |
6.39 |
6.02 |
-0.29 |
It has been a busy 12 months for LSEG post-integration.“ Our outsourced trading team can now offer data-driven insights into our client ' s trading activities and offer suggestions on how those activities can be optimised,” says the provider. Over the past year LSEG has reported an increase in interest from macro clients / multi-asset clients, which it feels“ fits nicely with LSEG ' s order management and execution capabilities especially in FX”. LSEG sees an uptick in its overall average in the last year, jumping 21 basis points. Coverage( 6.60) registers the most significant annual shift, jumping an impressive 104 basis points, and now sits comfortably above the global average at Very Good. 70 % of clients rate this category as Excellent, partly due to its“ good coverage on markets” and the provider being“ very willing to work with us [ the client ] and it has been a low-maintenance relationship, they feel like an extension of our internal team”. This is a nice bounce back following the
Chart 1
downward shift this category saw in 2023. Readers may remember how last year the Execution category was highlighted as having“ room for improvement, according to our respondents” – well, consider it improved. The category this year sees a sizable increase in ratings this year- up 80 basis points to 6.10. The category is also listed as the top consideration for clients when it comes to considering a provider. One client comments:“ The traders in TORA generally respond quickly, execute as per order, and update us promptly.” Relationship Management( 6.10), sitting in the Very Good range, is also up marginally- though has yet to return to the heights of 2023. With half of respondents rating this category as Excellent, LSEG is praised by its clients for its“ exceptional support”. When it comes to client breakdown, the majority( 70 %) of respondents sit within the $ 0-
30 // Outsourced Trading Handbook // 2025