@article {Henson51, author = {Leigh Henson and Meredith Moss}, title = {Institutions, Brokers, and Algorithmic Trading}, volume = {2005}, number = {1}, pages = {51--53}, year = {2005}, publisher = {Institutional Investor Journals Umbrella}, abstract = {The rise of algorithmic trading has had profound implications for vendors and users of information and trading products. Understanding these implications enables customers on the buyside and sellside to be more thoughtful consumers of algorithmic trading partnerships. Solution providers offering algorithmic trading solutions through their products are facing significant changes in their business models, including: relationships with sellside customers, relationships with buyside customers, the importance of broker-neutrality and competition, time to market, the role of direct market access, and the relationship with prime brokers. Institutions ignore these changes at their peril.}, URL = {https://guides.pm-research.com/content/2005/1/51}, eprint = {https://guides.pm-research.com/content/2005/1/51.full.pdf}, journal = {Trading} }