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Byline: Gregory Crawford
Portfolio managers are becoming more active in monitoring equity trades amid a continued push for efficiency and best execution.
But industry experts say they still are not taking a direct role in trade execution, despite greater access to cutting-edge electronic trading tools.
"Portfolio managers are becoming more and more interested about what kind of (trading) benchmarks they're being measured against,'' said Rob Flatley, managing director of electronic trading services at Banc of America Securities LLC, New York. "They're either decision makers or huge influencers'' of how trades get executed.
Vijay Kedia is president of FlexTrade Systems Inc., Great Neck, N.Y., a firm that offers an electronic trading platform to institutional investors. Mr. Kedia said demand from firms of all sizes for his company's Portfolio Viewer trading product, which gives portfolio managers a real-time look at trades, has been increasing as portfolio managers become more active in monitoring trades.
Serve as guide
"Portfolio managers don't like to be involved minute-to-minute or second-to-second in the trading process, but they do give instructions to guide the trader,'' Mr. Kedia…
Source: HighBeam Research, Efficiency push: More portfolio managers keep finger on pulse of...