BMO Capital Markets Announces Partnership with Trade Informatics
NEW YORK, January 31, 2018
BMO Capital Markets, the investment and corporate banking arm of BMO Financial Group, today announced that it has partnered with Trade Informatics, a leading provider of quantitative analytics and systematic trading solutions to institutional asset managers. Trade Informatics will provide BMO with transaction cost analysis tools to help execute algorithmic trades with improved execution quality.
This partnership will allow BMO to measure and evaluate trade decisions with personalized systematic trading technology that is customized to match its clients’ investment processes and is based on comprehensive third party analytics.
“We are always looking for ways to improve trading performance for our clients,” said David Porcelli, Co-Head of Global Trading, BMO Capital Markets. “Our focus is to gain a better understanding of our order flow, in a way that complements our existing offering across trading products. Trade Informatics will ultimately help our clients verify and understand the quality of their trades, enabling them to make better and more informed decisions.”
“Our partnership with BMO exemplifies how a standard performance measurement framework can serve to improve the quality of conversations between the sell-side and their buy-side customers,” said Allan Goldstein, Chief Operating Officer of Trade Informatics. “By partnering with a premier, independent trading data analysis provider, BMO is showing an extraordinary commitment to both its customers and its broader initiative, benefiting all market participants.”
The decision to partner with TI comes as BMO looks to maximize trading alpha across institutional orders, while improving work flow and execution quality across the bank’s overall trading franchise. TI’s analytics platform will help BMO clients achieve greater execution quality backed by the Trading Analysis Program application, comprehensive reporting, analyst support, consultative guidance, and ongoing performance monitoring.
About BMO Capital Markets
BMO Capital Markets is a leading, full-service North American-based financial services provider, with approximately 2,500 professionals in 30 locations around the world, including 16 offices in North America, offering corporate, institutional and government clients access to a complete range of investment and corporate banking products and services. BMO Capital Markets is a member of BMO Financial Group, one of the largest diversified financial services providers in North America with US$550 billion total assets and over 45,000 employees as at October 31, 2017.
About Trade Informatics
Trade Informatics is a premier provider of quantitative trading analytics solutions serving financial institutions globally. Trade Informatics helps market participants with a standard for trading performance measurement and by providing clients the tools and insights needed to succeed in an increasingly competitive investment environment through rigorous trade analysis, action-oriented consulting, industry-leading trade reporting, customized systematic trading and centralized workflow management.