Advanced Trading takes you on an exclusive tour of Abel Noser's New York trading floor, where the agency broker known for transaction cost analysis, is customizing algorithms for the buy side, while growing its fixed income trading and transitions business.
August 27, 2012
CEO of Abel Noser
Custom Algos
CEO William Conlin (right) joined Abel Noser in 1986 when the firm opened its trading desk."We've been a well-kept secret in our ability to trade equities," he says, pointing to the firm's block trading skills. Two years ago, it added a global equities capability. Now the firm is using its TCA expertise to develop algos that Conlin says the big firms can't build because managers wouldn't provide them with all of their trading files. "We're building algos now that match the manager's timing," he explains.
