T+1: The Imperative of Trade Capture for Global Asset Managers
a solid trade capture approach enhances operational efficiency and positions asset managers for success.
By Scott Atwell, Manager FIX Trading and Connectivity, American Century Investments.
The benefits of increasing the use of FIX for allocations and confirmations include efficiency gains, improved straight-through processing, and quicker identification of issues, all of which provide significant risk reduction and cost savings.
We have approximately 20 brokers that support this. The key measuring stick for us is, of all the confirms that we have, what percentage of those have moved to this automated matching solution. For American Century, we have had over 75% of our confirm flow via FIX during the last eight months.
If you are a buy-side firm thinking about trying to implement this flow, you can be successful, because all the major sell-side firms support this. And because they have already implemented this, they are eager to use and provide that for other buy-side firms.
BUY-SIDE PERSPECTIVE: High Touch or Low Touch?
the effective combination of both high touch and low touch approaches is not a binary choice but a blend that can optimise trading outcomes.
2 min read
Technical Implementation
By Scott Atwell, Manager FIX Trading and Connectivity, American Century Investments Leveraging the FIX Protocol to electronically communicate IPO...
4 min read
IOIs Evolve As Buy-side Demands Greater Specificity
Capital Group’s Christopher George lays out the case for improved IOIs and the technology upgrades required. Indicators of Interest (IOIs), a staple...
5 min read
Transparency Through Latency Analysis
By Markus Löw, Head of Monitoring, Vassilis Vergotis, EVP & Head of Americas and Fabian Rijlaarsdam, Monitoring Analyst at Eurex Exchange. Technology...