[ O U T S O U R C E D T R A D I N G S U R V E Y ]
Meraki Global Advisors
Meraki Global Advisors LLC |
2025 |
2024 |
2023 |
Global |
Difference to Global |
Coverage |
6.40 |
6.56 |
6.83 |
6.25 |
0.15 |
Execution |
6.47 |
6.67 |
6.87 |
6.20 |
0.27 |
Operations and Post-Trade |
6.53 |
6.22 |
6.54 |
6.19 |
0.34 |
Relationship Management |
6.20 |
6.56 |
6.83 |
6.15 |
0.05 |
Trade Decision Support |
5.87 |
6.63 |
6.33 |
6.00 |
-0.13 |
IPO Process and Allocations |
5.86 |
6.40 |
- |
5.25 |
0.60 |
Onboarding |
5.86 |
6.00 |
6.54 |
5.98 |
-0.13 |
Client Services |
6.46 |
- |
- |
6.15 |
0.32 |
Cost vs Value |
6.20 |
6.11 |
6.71 |
5.99 |
0.21 |
Average |
6.20 |
6.42 |
6.67 |
6.02 |
0.19 |
B
“ igger isn’ t always better” Meraki
Global Advisors tells us, in light of the market’ s disruption in recent months. A familiar name to the return readers of this survey, Meraki claims to be taking the concept of outsourced trading to a new level of control, something it adds is not present in the ' classical model '. In addition, this year the provider has also introduced autonomous AI Agents to deliver superintelligence to its clients as it looks to continue to evolve its services. Although the majority of clients responding for Meraki are based in the USA( 53 %), the remaining 47 % are spread out across Europe and Asia- with 7 % based in Australia. When it comes to client size, a third of respondents report an AUM of $ 1 billion- $ 100 billion and it is these clients who rate Meraki the highest. Although Meraki has seen a gradual decrease in its overall rating over the last two years, the provider still comfortably beats the global average by 19 basis points. All but two categories surpass the global
Chart 1
average this year. When asked what categories are key considerations in selecting a provider, Execution( 6.47) ranks first for Meraki’ s clients – which marries well with the fact that this category receives the second highest score. Clients report that the provider’ s execution quality and the quality of order routing are both contributing factors in this positive rating. Operations and Post-Trade( 6.53) receives the highest rating among the categories and also sees the largest annual shift since 2024, with 60 % clients rating the service provider as Excellent. One client comments that“ consistency is key here,” before that“ Meraki is consistent in trade matching and settlement, and consistently responsive in the event of a trade break”. Interestingly, Cost vs Value( 6.20) also sees an increase in rating, shifting 9 basis points. In fact, two-thirds of respondents rate
34 // Outsourced Trading Handbook // 2025