PaineWebber Inc. is upgrading its order-routing utility in the hopes of placing it with 50 to 100 buy-side clients. Aside from adding quantitative analytics to the system, PaineWebber may also add a crossing network facility that would execute equity orders at low cost and without market impact.
PaineWebber's effort is one of several attempts by Wall Street firms to provide buy-side clients with order-routing and analytical services in a bid to attract order flow. Firms that have developed s
Bloomberg's Gerard Francis comes on the podcast to talk about how data fragmentation issues are becoming more challenging.Subscribe to Weekly Wrap emails