[ O U T S O U R C E D T R A D I N G S U R V E Y ]
Chart 3
themselves and , in addition , the arrival of T + 1 in the US has forced many to turn to outsourced trading in place of additional staffing . Note that there is a category named ' Other '. This covers numerous other issues which clients are using outsourcing to tackle , which was left as an open-ended option .
As well as asking our clients to rate their provider on specific categories , we also asked respondents to rate these categories in their order of priority . Unsurprisingly it is Execution which takes the top spot - in line with 2023 - with 47 % of respondents ranking this as the most important category . This is followed by Coverage , while interestingly Client Service and Relationship Management takes third place with 12 % of clients rating it most important . This marks is a significant increase from last year . IPO Process and Allocations is considered least important ( 9 ), with 50 % of clients rating it lowest in their table , while Trade Decision Support is just above this . Note ,
Chart 4
however , with Trade Decision Support , only 15 % placed this as the least important ( 9 ) – while 18 % rated Onboarding as least important – but just under a third placed Trade Decision Support in eighth place – just above the lowest slot .
Moreover , this year we once again investigated what service models our respondents use . The scores from last year remain largely unchanged - with the majority of respondents reportedly using a combination of service models . One in four respondents report to using anonymous agency / matched principals [ client not disclosed to counterparty ], with disclosed agency / matched principal [ client name disclosed to counterparty ]
34 // Outsourced Trading Handbook // 2024