[ A L G O R I T H M I C
T R A D I N G
S U R V E Y ]
Mirabaud Securities
M
irabaud Securities is a new entry for this year’s
long-only algo trading survey, garnering a
respectable percentage of responses, with only four of
the profiled providers attracting higher. Respondents
for Mirabaud Securities were primarily from $10-50
billion AuM bracket, with only one firm managing
more than $50 billion of assets.
Mirabaud Securities produced a strong showing
according to long-only respondents this year, attaining
an average score of 5.95, above the long-only survey
average of 5.76. The firm recorded scores higher than
6.0 in six of the 15 categories under review: cost (6.03),
ease of use (6.07), customer support (6.37), execution
consulting (6.15), dark pool access (6.18), and data on
venue/order routing logic or analysis (6.17). It also
scored highest of all profiled providers in the execu-
tion consulting category, which has been a fiercely
contest category in recent years, while its lowest score
came in the customisation (5.36) category. The chal-
lenge for Mirabaud Securities will now be maintain-
ing, or improving, these scores in next year’s survey.
MIRABAUD SECURITIES RATINGS FOR ALGORITHM PERFORMANCE
Increase trader
productivity Reduce market
impact Execution
consistency Cost Speed Anonymity Price
improvement Customisation
5.92 5.88 5.99 6.03 5.82 5.84 5.79 5.36
Ease of use Customer support Execution
consulting Dark pool access Flexibiltiy and sophistication
of smart order routing Algo monitoring
capabilities Data on venue/order
routing logic or analysis Average
score
6.07 6.37 6.15 6.18 5.83 5.78 6.17 5.95
KEY STATS
6.37 5.36 75%
Highest score
(customer support) Lowest score
(customisation) Most popular non-equity asset
traded via algo by respondents:
Exchange-traded funds
N/A N/A 43%
Most improved
year-on-year score Least improved
year-on-year score Most used algo
performance measurement
method: VWAP TCA
90 // TheTrade // Spring 2019