Will Winzor-Saile

Will joined Redburn in 2015. Prior to this he worked as an Electronic Execution Specialist at Fidessa. Will holds a first-class masters in Maths and Physics from the University of Warwick.
Execution Analytics

The Problems with Performance

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Transaction Cost Analysis is a well-established part of the trading process. But with a growing number of buy-sides relying on algo wheels to ensure they are getting the best out of their brokers we decided to look at the common pitfalls with performance monitoring and ways to improve the measurement and evaluation of algos.

Redburn has been measuring both its own, and external brokers for many years. We have also spoken to a wider range of buy-side firms, some using an algo wheel with great success, others just starting out. Here we share our experience of the common mistakes and provide a guide for those who are just beginning.