White Paper:
The Search for Execution Quality Part 1

Regulatory change, competition, market fragmentation, and other factors are driving buy-side and sell-side firms to implement analytics systems to help them improve trading quality and reduce the cost of compliance. This two-part white paper explores best practices for approaching and planning such implementations.

In part one of this paper, we make the case for optimizing trade execution quality, describing some of the trade execution quality challenges that firms face and articulating the need for a comprehensive firm-wide analytics approach for understanding and improving trade execution. In part two, we describe some of the challenges that firms face as they seek to implement trade analysis solutions and make several key recommendations to help the people responsible for implementing and operating analytics systems make good decisions.

This paper was authored by Shyamkiran Rao, SVP Quantitative Strategies for Jefferies LLC.

Mr. Rao is responsible for driving the business and technological strategies for Equities Analytics and TCA at Jefferies. He has extensive experience in implementing platforms and trading analytic solutions at Jefferies Equities Quantitative Strategies, using One Market Data and most recently with Altair Panopticon. Prior to joining Jefferies, Shyam was a VP, Architect and developer of the Trading Automation Systems at Goldman Sachs & Co. Shyam has over 20 years of experience at implementing and managing projects for Equities, FX and Fixed Income trading. Earlier in is his career he was a technology solutions lead for various products at SunGard Trading Systems, Brass (Now FIS) and a Software Engineer at C-DAC India, building application software and parallel computing solutions.

Read Part 1: The Role of Analytics