02:48 PM
Electronic Trading Newsflashes
Harborside+ partners with Quantitative Services Group to analyze trades on T+1
Harborside+ is partnering with Quantitative Services Group (QSG) to offer performance analysis reports on individual executions done through the Harborside+ block trading service on T+1 - the morning after the trade date. The QSG reports are designed to quantify quality of execution and the benefits of selecting Harborside+, relative to intra-day measures. Harborside+ executions for a particular customer will be ranked in relation to other executions on the same trade data. To protect confidentiality, Harborside+ says the identify of customers will not be revealed to QSG; only details specific to the trade being analyzed. QSG, based in Naperville, Ill., provides trade analysis and equity analysis for institutional investors, and Harborside+ is a large block trading service that uses indications-of- interest submitted by buy and sell-side traders to initiate a human to find a match while minimizing market impact.