[ 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 |
2024 |
2023 |
Global Average |
Difference with Global |
Coverage |
5.56 |
6.81 |
6.21 |
-0.66 |
Execution |
5.30 |
6.62 |
6.22 |
-0.92 |
Operations and Post-Trade |
5.50 |
6.62 |
6.23 |
-0.73 |
Client Service and Relationship Management |
6.00 |
6.33 |
6.28 |
-0.28 |
Trade Decision Support |
5.33 |
6.24 |
5.91 |
-0.57 |
IPO Process and Allocations |
5.25 |
- |
5.33 |
-0.08 |
Onboarding |
5.38 |
5.67 |
6.09 |
-0.71 |
Service Level Factors |
5.90 |
- |
6.16 |
-0.26 |
Cost vs Value |
5.50 |
6.43 |
5.97 |
-0.47 |
Average |
5.52 |
6.39 |
6.04 |
-0.52 |
In February 2022 , the London Stock Exchange Group ( LSEG ) acquired TORA , who appeared in our Outsourced Trading Survey last year . This year , they are featured once again , however this time listed as LSEG TORA . The provider has made a steady impression , with an average score of 5.52 - comfortably at Good . Over the last five years , LSEG TORA has noticed a continual trend of institutionalisation , best demonstrated by large asset managers choosing to outsource their trading . On a more personal level , over the last 12 months , LSEG TORA has been looking to improve on its in-house systems and services . This , combined with the expansion of the US team and the establishment of its UK business , has made it a busy year for the provider . A notable number of clients opted to take part in the Outsourced Trading Survey , hailing from the UK , the US and Asia , with client size sitting in the ranges of $ 100 – 250 million and $ 5 – 10 billion .
Chart 1
Client Service and Relationship Management ( 6.00 ) earns the highest score for LSEG TORA , sitting at Very Good . This is followed closely by Service Level Factors ( 5.90 ), a new category added this year – although the close level of correlation between these scores will come as little surprise . Last year , it was Coverage which took the top spot , however this year it has seen a downward
44 // Outsourced Trading Handbook // 2024