Understanding the true cost to your trading desk

On 11 December, Albert Bauer, Head of Products, Citco Fund Services (USA) Inc, spoke at a Bloomberg AIM event in New York on ‘Understanding the True Cost to Your Trading Desk’.

Transparency around "non-traditional" transaction costs is becoming increasingly crucial to the buy-side’s understanding of the overall cost of trade execution. As a result, commercial arrangements developed between buy-side, sell-side and third party vendors are in flux.

Al highlighted that the integrity of data impacts the overhead costs of operations, namely the trading desk and the middle-to-back office operations and inconsistent data can later create reconciliation problems down the line.

Efficacy and cost of executing a trade doesn’t stop at the trading desk; recorded data will make its way down to the admins, and if these files are not clean, it will impact the cost and operational efficiency down the line.

Our contacts

Albert Bauer

Albert Bauer

Head of Products

T+1 (212) 401 9629
Eabauer@citco.com