Trade Order and Execution Management Strategies
Firms are rethinking their strategies to maximize trading opportunities through direct market access, algorithmic trading models and dark pools. Meeting increased performance expectations with low-latency platforms, streamlined business processes and cost effective client service operations, we are assisting dealers to enhance their order handling and routing procedures while fulfilling compliance obligations.
Jordan & Jordan provides recommendations for changes in workflow, systems and procedures for handling trades, operations and client servicing that consider user needs, system requirements, data management, and organizational structure. Representative engagements include:
- For a global institution, prepared the international and domestic order routing architecture including total cost of ownership of current systems, documentation of existing functionality and flows, desired functionality as well as recommendations for in-house or vendor alternatives. Strategy included leveraging message-oriented middleware technology and standards.
- For a major broker dealer we performed an in-depth order routing and execution analysis, identifying significant opportunities to increase their cost effectiveness and improve their best execution and compliance requirements.
- Assisted several firms that provide their clients with sponsored direct market access to establish their order handling and routing procedures to meet regulatory requirements and compliance reporting obligations.