[ O U T S O U R C E D T R A D I N G S U R V E Y ]
Marex Outsourced Trading
Marex Outsourced Trading |
2024 |
2023 |
Global Average |
Difference From Average |
Coverage |
6.42 |
6.30 |
6.21 |
0.21 |
Execution |
6.67 |
6.26 |
6.22 |
0.44 |
Operations and Post-Trade |
6.46 |
6.47 |
6.23 |
0.23 |
Client Service and Relationship Management |
6.67 |
6.12 |
6.28 |
0.38 |
Trade Decision Support |
5.90 |
6.05 |
5.91 |
0.00 |
IPO Process and Allocations |
5.29 |
- |
5.33 |
-0.04 |
Onboarding |
6.39 |
6.02 |
6.09 |
0.30 |
Service Level Factors |
6.42 |
- |
6.16 |
0.26 |
Cost vs Value |
6.50 |
6.05 |
5.97 |
0.53 |
Average |
6.30 |
6.18 |
6.04 |
0.26 |
Marex makes a strong reentrance in this Survey under its new brand , having previously appeared as TD Cowen last year . Over the past year , Marex has seen continued growth in demand for outsourced trading . In light of this , the firm notes that there have been plenty of new investment banks and fintech providers entering the space – yet despite this , there will be little concern from Marex , boasting an overall average score of 6.30 - firmly above the global average . The provider has had a great 12 months once again . Marex ascribes this shift in demand for outsourced trading to a number of reasons , such as “ cost focus around execution , technology and hiring , as well as the regulators interest in best execution and separation of functions .” Marex has also seen a growth in the number of clients seeking co-sourcing or a hybrid model , where they supplement the existing trading function that their clients already have in-house . Of course , there are still clients who look to outsource
Chart 1
their entire trading function . Over recent months , Marex has noted the increasing number of outsourced providers who are entering the space , and as a result there are greater expectations .
“ These could be the size and experience of the team , the ease-ofuse factor in terms of onboarding and integrating into the firms processes and procedures ,” it said . Marex has been making changes
46 // Outsourced Trading Handbook // 2024