Trading Matters: New ITG Survey of Canadian Trading Professionals
May 24 2017 - 8:01AM
ITG (NYSE:ITG), a leading independent broker and financial
technology provider, today released the results of a survey of
Canadian investment professionals on key industry trends. The poll
was conducted at the Trading Matters Conference hosted by ITG in
Toronto in late April. The event drew more than 120 buy-side and
sell-side attendees for panel discussions on topics including
next-generation ETFs, the impact of MiFID II financial regulations
and the role of independent investment research.
Survey Highlights:
- ETFs – a majority of respondents (64%) are
very concerned or somewhat concerned that liquidity could be
negatively impacted by the growing use of exchange-traded funds. To
remain competitive in the ETF space, 38% of respondents say brokers
need to provide capital as an ETF market maker, while 36% think
brokers need to develop analytics to provide NAV transparency for
ETFs. Only 19% see a need for brokers to build ETF-specific
algos.
- Broker Transparency – Canada remains one of
the few developed equity markets to employ public broker numbers
for trades, and those surveyed say the broker numbers are still
extremely relevant (42%) or somewhat relevant (48%) in today’s
market.
- MiFID II – Most Trading Matters conference
attendees agreed that the coming MiFID II rules on unbundling
research from execution will likely be positive for independent
research providers, as smaller asset managers devote more of their
investment research budgets to the independents. 84% of respondents
currently use independent research at least some of the time. The
survey showed that unbundling is not just a European phenomenon,
with 17% of respondents reporting that they are already fully
unbundled and another 44% planning to unbundle in 2018 or
thereafter.
Commenting on the Trading Matters Conference panel discussions
and the results of the survey, Etienne Phaneuf, CEO of ITG Canada,
said “the Canadian investment industry is in a period of evolution,
with changing fund flows, market structure and financial regulation
creating new challenges for institutional investors. We are
committed to partnering with our clients to provide innovative
tools and expert guidance to navigate the road ahead.”
ITG is the leading electronic equity broker in Canada, ranked #1
in the 2017 Greenwich Associates survey for algorithmic trading
share, electronic trading service quality and client
satisfaction.
For more information, please call the Toronto trading desk at
+1-416-874-0700 or email us at info@itg.com
About ITG
ITG applies technology and trading expertise to reduce
implementation costs, helping clients improve investment
performance. An independent broker established in 1987, ITG
provides liquidity, execution, analytics and workflow solutions to
leading asset management and brokerage firms. Investment
Technology Group, Inc. (NYSE:ITG) has offices in Asia
Pacific, Europe and North America and offers
trading services in more than 50 countries.
ITG Media Contact:
J.T. Farley
+1 212 444 6259
corpcomm@itg.com
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