They have the ability to drive the operational side of execution, so that the organization meets the quarterly objectives, while simultaneously giving ample time, attention and execution focus to innovations that are coming into the market.
The survey was conducted by OpenTCA a consortium of major sell-side firms and TradingScreen, a provider of multi-broker and multi-asset class execution management systems (EMS) to the buy side.
While the idea of moving forward and backward in-game with an analog stick on the side of a gun controller seemed unintuitive at first, its execution turned out to be practical.
Buy-side firms want to see who is doing the best job of execution and they need TCA as investors and regulators expect more from them in fiduciary responsibility.