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TS
TS (TradingScreen) recorded the second-highest
Reliability
and Availability
number of responses
to this year’s survey, behind
Latency
only Bloomberg but this was down almost 30% year-
on-year. Service
Although Personnel
execution has been the staple of
Client
TS’s business for many years, it has recently pivoted
Ease-of-Use
towards the more holistic, combined order and execu-
Handling
of New
Versions/Releases
tive management
system
offering, while also expand-
ing
its
access
to
liquidity
through
partnerships with
Breadth of Broker Algorithms
venue operators such as Liquidnet.
Timeliness
of two
Updates
for has Broker
Changes
Over the past
years TS
maintained
respect-
FIX
able Capabilities
scores within the EMS survey and this year was
able to show
incremental
Breadth
of Asset
Class improvements
Coverage in almost
all categories reviewed by respondents. The vendor’s
Breadth
of Direct
to – Venues
overall score
this year Connections
increased to 5.69
up from 5.64
Product
last year – Development
which was above the survey-wide average
(5.56) of
and
the fourth-highest
of the major
providers
Ease
Integration
to Internal
Systems
Overall Cost of Operation
2018 2017
5.42 5.46
profiled. The vendor also outscored the survey average
5.91 TS did not receive
in 10 out of 5.88
13 categories. Although
5.67
a score higher
than 6.00 in 5.66
any of the categories this
year, respondents
the vendor higher in
5.9 did score
5.88
eight of the 13 categories compared to last year, and
5.73 were areas 5.85
and while there
where TS did receive
5.41
5.39 these were almost all
decreased year-on-year
scores,
insignificant
(less than 0.1). 5.5
5.92
Respondents for TS were split equally from a range
5.59 with around
5.55 half managing at least
of AuM brackets,
$10 million 5.95
of assets, with 5.66
most coming from the
hedge fund 5.74
and institutional
markets. The breadth of
5.78
TS’s asset class coverage also showed in the survey
5.63
5.65 from firms trading
results, with
a strong showing
5.42 foreign 5.38
listed derivatives,
exchange and fixed income
in addition to 5.7
equities.
5.6
5.88
5.91
Reliability and Availabili ty
5.67
5.66
Latency
Client Service Pers onnel 5.9
5.88
Eas e-of-Use 5.73
5.85
5.41
5.39
Handling of New Versions/Releases
Breadth of Broker Al gorithms
5.92
5.5
5.59
5.55
Timeliness of Updates for Broker Changes
FIX Capabiliti es
5.66
5.74
5.78
Breadth of Asset Class Coverage
5.63
5.65
Breadth of Direc t Connec tions to Venues
5.42
5.38
Product D evelopment
5.7
5.6
Eas e of Integration to Internal Sys tems
5.42
5.46
Overall Cost of Operation
0.00
1.0 0
2.00
3.00
20 18
76 // TheTrade // Autumn 2018
5.95
20 17
4.0 0
5.00
6.0 0
7.00