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Aritas Ranked #1 "Tough Trades" Broker Again(January 31, 2012)
NEW YORK, NY -- (Marketwire) -- 01/31/12 -- Aritas is pleased to announce that Ancerno Ltd. (formerly part of Abel/Noser Corp.) has issued its new global ranking of broker execution quality which, for the period Q4 2010 - Q3 2011(1), shows Aritas:
#1 in North America and worldwide in average degree of trade difficulty
#2 worldwide in overall execution quality
#3 in North America in overall execution quality
Ancerno calculates that Aritas' trades had the greatest average degree of trade difficulty, as shown by the Day Placement Strike Benchmark, since Aritas had the most basis points assigned to any ranked firm.(2) This is the fourth consecutive Ancerno report in which Aritas has been ranked #1 in this category.(3)
"Aritas provides clients with reliable execution on their tougher orders and large multi-day trades because of the liquidity we can deliver under difficult conditions," said Aritas Executive Chairman Jay Biancamano. "The combination of Alpha Pro's ability to recommend trading strategies and the Algorithm Switching Engine's ability to minimize adverse selection by predictively selecting algos during execution enhances our ability to provide liquidity for our clients, even under challenging conditions."
Both Alpha Pro and the Algorithm Switching Engine have been upgraded since this data in this report was collected. Alpha Pro now can be optimized to specific benchmarks, has updated strategies, and a broader menu of optional strategies. The Algorithm Switching Engine's predictive analytics have been updated.
(1)Ancerno Broker Ranking Report, Q4 2010 - Q3 2011.
(2)Only broker-dealers with a minimum of $25 billion principal traded during the quarter were included in Ancerno's study.
(3)Ancerno Broker Ranking Reports: Q4 2009 - Q3 2010, Q2 2010 - Q1 2011 and Q3 2010 - Q2 2011.
Aritas Group, Inc. operates institutional electronic brokerages in the US and Europe. Using proprietary technologies and data analysis, Aritas partners with individual buy-side firms to maximize alpha capture from trade execution. Aritas solutions enable measurable and significant improvements to an institution's trading cost structure, a direct contribution to alpha capture. Aritas' Alpha Pro(SM) recommends trading strategies on order arrival most likely to maximize alpha capture over the life of the order, and gives traders a selection of strategies to achieve specific goals and optimize execution according to a range of benchmarks. Aritas' unique Algorithm Switching Engine incorporates real-time predictive analytics to switch between algorithms in the execution of an order to maximize access to liquidity and minimize adverse selection. Aritas has offices in New York, London, and San Francisco. For more information, visit http://www.aritasgroup.com.
Ancerno, Ltd. is a pioneer and leading provider of Trade Cost Analysis (TCA) software and consulting services. Formerly part of Abel/Noser Corp., Ancerno was launched in 2007 as an independent, broker-neutral provider of TCA products and services.
Ancerno products are used by over 500 firms worldwide through a network of resellers, distribution partners and strategic alliances. Ancerno's product suite includes pre-trade, real-time and post-trade measurement tools enabling clients to measure their trading through the entire trading lifecycle. For more information about Ancerno products, visit http://www.ancerno.com.
Aritas Group, Inc.
Managing Director, Head of Marketing
Email: Email Contact
Tel: 617-556-9982 x226
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