The TRADE 2018 Algo Survey - Long Only | Page 13

[ A L G O R I T H M I C T R A D I N G S U R V E Y ] Deutsche Bank D year-on-year while the rest said usage had increased over eutsche Bank received the second lowest tally the period. Only one respondent said they were looking of long-only respondents of profiled providers at implementing algos from other providers, with users in this year’s survey with 1.74%, although this was a citing areas of improvement such as the ability to show marked improvement on 2017, when it drew almost orders to sales traders on an order-by-order basis, de- half of that count. The bank’s long-only clients me- tailed transaction cost analysis, increased performance, tered out an average rating of 5.24 for its algo capabil- lower commissions and further customisation of algos. ities, again placing Deutsche Bank one place above the Deutsche Bank’s scores across categories were con- bottom slot this year, with only Bloomberg achieving a sistently below the survey average, although did see lower overall score of profiled providers. year-on-year increases for half of all attributes rated, Long-only respondents for Deutsche Bank primarily including ease of use, customisation, cost and similarly came from mid-to-large sized clients with at least $10 to most providers, execution consulting. Of more billion of AuM, primarily active in both equities and Deutsche Bank half of clients also concern will be declining scores for improving trader exchange-traded funds with around productivity, customer support, speed, execution con- trading bonds, foreign exchange or other Improve fixed income Reduce Ex ecution sistency and anonymity, which fell Cost to 5.34 from a very products. Just over half of long-only respondents Year Speed trader said market impact consistency commendable 6.3 in last year’s survey. their usage of Deutsche Bank algos had stayed the same productivity 2018 5.11 2017 5.74 DEUTSCHE BANK RATINGS FOR ALGORITHM PERFORMANCE 5.16 5.38 5.02 5.71 5.29 5.00 5.11 Improve trader productivity 5.38 5.02 Execution consistency Cost 5.00 5.71 5.29 5.19 Speed 5.82 5.30 Anonymity 4.84 Price improvement Customisation 6.30 5.12 4.98 5.34 5.14 Ease of use 5.37 5.28 5.17 Crossing 5.25 Customer support Execution consulting 4.99 5.89 5.38 5.32 5.29 Dark pool access Smart order routing capabilities 5.74 5.16 Reduce market impact 2018 5.19 5.82 2017 5.51 5.30 0.00 1.0 0 2.00 3.00 4.0 0 5.00 6.0 0 7.00 Issue 55 // TheTradeNews.com // 85