The market's volatility has driven more buy side firms to high touch trading away from electronic trading. That's not to say that the importance of electronic trading and electronic trading tools has diminished.
What it means is that brokers have more opportunity - in an age of continually shrinking commissions and generally low levels of equity trading - to increase their value to their clients.
It's more than working an order in the market, it's what's been called providing solutions or managing a project. Can you say execution consulting?
This article examines the how and why DMA, SOR trades and trades through broker crossing networks are down and what it means for market players.