We remain obsessively committed to offering low cost, low market impact execution and first class settlement and support operations. Redburn are delighted to be ranked 4th out of 2,000 brokers globally for ‘Cost of Execution’ on a market impact basis in Institutional Investor’s 2006 survey. This was appreciably above the household names, despite their offer of capital and algorithmic services. Market impact remains a significant – if not always quantifiable – cost of execution, and this survey unequivocally confirmed that Redburn offers ‘best execution’.
We look forward to the changes introduced by MiFID in November. In our view MiFID will highlight the competitive advantage of independence and the cost and market impact benefits of dealing with brokers unaffected by conflicts of interest. We have invested heavily to ensure our systems are first rate and MiFID compliant, for example in the ‘smart order routing’ technology necessary to access the so-called ‘dark pools’ of liquidity.
For more information on the key issues in MiFID and Redburn’s position, please click here