O Canada! U.S. Quote Vendors Aim At Big Brokers Up North

BROKER WATCH

The Yankees are coming! Two of Canada's largest retail brokerage firms -- Scotia McLeod Inc. and Wood Gundy Inc. have been invaded by representatives of U.S.-based quote vendors ADP and ILX, who have been gunning for their business. And while the two U.S.-based vendors haven't exactly taken over the territory to the north, they were the runners-up in the race for Scotia's 925 brokers and remain in close contention for Wood Gundy's 700. Quotron, however, was nowhere in sight in Canada.

While

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Systematic tools gain favor in fixed income

Automation is enabling systematic strategies in fixed income that were previously reserved for equities trading. The tech gap between the two may be closing, but differences remain.

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