New York (HedgeCo.net) \u2013 A newly released survey of 176 leading investment managers, private banks and hedge funds by McLagan, a compensation consulting, productivity and performance benchmarking firm, showed that broker performance has risen\u00a0 in many areas this year, particularly in US and Asian markets and for OTC Derivatives.<\/p>\n
When asked to rank the leading brokers on their 2009 Operational Performance and Client Service offerings across Equities, Fixed Income and OTC Derivatives, the managers rated as follows:<\/p>\n
In the US:
\nLiquidnet \u2013 Best 2009 Broker for Equities Operations
\nMorgan Stanley – Best 2009 Broker for Fixed Income Operations
\nDeutsche Bank \u2013 Most Improved Broker<\/p>\n
In Europe:
\nUBS – Best 2009 Broker for Equities Operations
\nUBS – Best 2009 Broker for Fixed Income Operations
\nDeutsche Bank \u2013 Most Improved Broker<\/p>\n
In Asia:
\nUBS – Best 2009 Broker for Equities Operations
\nUBS – Best 2009 Broker for Fixed Income Operations
\nMorgan Stanley \u2013 Most Improved Broker<\/p>\n
For Global OTC Derivatives:
\nGoldman Sachs – Best 2009 Broker for Core Processing
\nDeutsche Bank – Best 2009 Broker for Client Management
\nMorgan Stanley – Most Improved Broker<\/p>\n
“The goal of UBS Operations is to be the leading client-focused global service provider.” Simon Haggerty, Global Client Service Head at UBS said, “With 176 clients rating 15 brokers across a range of products & measures, the report provides a comprehensive and credible viewpoint on our performance. One of the most accurate and independent methods by which we can measure our progress is for us to sponsor, support and analyse the feedback obtained from this annual survey.”<\/p>\n
\u201cIn particular, UBS has leveraged this feedback to help develop our 2010 client objectives \u2013 that of delivering post trade service excellence. The feedback and rankings are taken seriously both within Operations, and also by our trading & sales partners.\u201d<\/p>\n
\u201cProviding superior services and support for our Members is why we\u2019ve been voted number one for overall performance in US Equities Operations for the second year in a row, and we very much appreciate this recognition,\u201d said Seth Merrin, Founder and CEO of Liquidnet. \u201cWe continuously strive to deliver the best value and experience for our Members throughout the entire trading process.\u201d<\/p>\n
A key factor of the survey results this year was the increase in usage of technology by the buy-side, particularly implementation of OMGEO CTM for both Equities and Fixed Income.\u00a0 This has contributed to the rise in Straight Through Processing (STP) particularly in Electronic Trade Matching which in turn has reduced fails and re-work in the back-office.<\/p>\n
Carsten Eckhardt, Managing Director, Global Business Services at Deutsche Bank added, “Deutsche Bank has made a commitment to improving its operational processes in order to provide exceptional service to its clients. The McLagan Z\/Yen survey is key in enabling us to assess the extent to which we have achieved these goals and in highlighting areas of focus for further improvement.”<\/p>\n
Editing by Alex Akesson alex@hedgeco.net<\/a><\/p>\n HedgeCo.Net<\/a> is a premier hedge fund database<\/a> and community for qualified and accredited investors only. Membership in HedgeCo.net<\/a> is FREE and EASY. We also offer FREE LISTINGS for Hedge Funds<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":" New York (HedgeCo.net) \u2013 A newly released survey of 176 leading investment managers, private banks and hedge funds by McLagan, a compensation consulting, productivity and performance benchmarking firm, showed that broker performance has risen\u00a0 in many areas this year, particularly […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[919,3],"tags":[11148],"class_list":["post-13874","post","type-post","status-publish","format-standard","hentry","category-hedge-fund-research","category-hedgeco-news","tag-hedge-fund"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/13874","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=13874"}],"version-history":[{"count":4,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/13874\/revisions"}],"predecessor-version":[{"id":13877,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/13874\/revisions\/13877"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=13874"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=13874"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=13874"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nFor HedgeCo.net<\/a><\/p>\n