[ O U T S O U R C E D T R A D I N G S U R V E Y ]
Winterflood Business Services
WBS |
2024 |
2023 |
Global Average |
Difference with Global |
Coverage |
5.90 |
6.00 |
6.21 |
-0.31 |
Execution |
6.10 |
6.40 |
6.22 |
-0.12 |
Operations and Post-Trade |
6.10 |
5.47 |
6.23 |
-0.13 |
Client Service and Relationship Management |
6.00 |
5.80 |
6.28 |
-0.28 |
Trade Decision Support |
6.00 |
4.67 |
5.91 |
0.09 |
IPO Process and Allocations |
4.40 |
- |
5.33 |
-0.93 |
Onboarding |
5.56 |
5.33 |
6.09 |
-0.53 |
Service Level Factors |
5.80 |
- |
6.16 |
-0.36 |
Cost vs Value |
5.80 |
5.67 |
5.97 |
-0.17 |
Average |
5.74 |
5.62 |
6.04 |
-0.30 |
Over the last 12 months , Winterflood Business Services ( WBS ) noted several important changes contributing to the outsourced trading space , which have had a great impact . Firstly , T + 1 settlement in the US , which it sees as a positive change bringing with it plenty of advantages . Secondly , WBS highlighted the approval of the inclusion of the first Bitcoin ETF as a key change over the last year . There has also been plenty of changes for WBS themselves , reporting “ 55 % more trades than the previous year ( comparing like for like months )”. The firm has been continuing its relationship with liquidity providers , ensuring they meet clients ’ needs , and is actively looking to address the gap in the wealth management industry , aiming to “ allow individual investors to invest in assets without the constraint of having to buy whole shares .” Moreover , WBS is developing an enhanced portfolio management
Chart 1
system set to allow its clients to run multi-asset models on the EOS platform , processing new cash , rebalances and withdrawals via a feature rich and aesthetically pleasing new user interface . It has been a busy 12 months for WBS , yet all these changes have not gone unrecognised by clients . With an overall average score of 5.74 ,
60 // Outsourced Trading Handbook // 2024