In addition you state:
"And because trading systems do not yet, and may never be able to, provide the flexibility that directed brokerage, soft dollar, layoffs, step-outs, recapture, and other crucial institutional business practices do."
Ashton has delved into soft dollar issues and payment for third party research due to their relationship with Westminster: biz.yahoo.com
The other practices are over my head ie, layoffs, step-outs, and recapture. Maybe LPS5 could touch on those items when time permitted. In any event, I hope ATG is heading in the right direction to earn the business of financial institutions, that next frontier you mention.
Regards, Jeff |
