The TRADE 63 - Q1 2020 | Page 85

[ A L G O R I T H M I C T R A D I N G S U R V E Y ] Exane BNP Paribas F percent of managers doing business with Exane indicate ounded in 1990, Exane Group is one of the main in- they have US$50 billion or more in AUM. vestment companies in Europe, specialising in cash eq- Exane has the highest average score of all providers uities, derivatives, and asset management. Headquartered profiled (6.17) and ranks first across ten categories in in Paris, the firm’s cash equities business operates under this year’s survey: increased trader productivity (6.22), the brand name Exane BNP Paribas (Exane). The group execution consistency (6.20), speed (6.26), price provides institutional investors with a range of improvement (>6.00), customisation (6.34), ease services, such as research, sales, and execution in of use (6.34), data on venue/order routing logic European equities. Additionally, it offers a full Average or analysis (6.19), execution consulting (6.09), suite of trading products across high-touch Score flexibility and sophistication of smart order trading, electronic trading, exchange-traded routing (6.31) and algo monitoring capabil- funds, and program trading. ities (6.12). Additionally, Exane BNP Paribas Exane ranks seventh among algorithmic ranks second in customer support (6.33) and providers in relation to the number of respons- third in cost (5.96). The majority of categories es, receiving 34 responses from long-only manag- show improvements over last year’s rankings, ers. Fifty-five percent of the 34 funds captured in with an increase of 0.07 in Exane's overall the survey results trade at least half of the value average. of their portfolio algorithmically. Forty-four 6.17 EXANE RATINGS FOR ALGORITHMIC PERFORMANCE Increased trader productivity Reduced market impact Execution consistency Cost Speed Anonymity Price improvement Customisation 6.22 5.95 6.20 5.96 6.26 5.91 6.00 6.34 Ease of use Data on venue/order routing logic or analysis Customer support Execution consulting Dark pool access Flexibility and sophistication of smart order routing Algo monitoring capabilities 6.34 6.19 6.33 6.09 6.32 6.31 6.12 KEY STATS 6.34 5.91 0.50 -0.49 Highest score (ease of use) Lowest score (anonymity) Most improved (execution consulting) Least improved (anonymity) Issue 63 // thetradenews.com // 85