Market Insights

Leave the Data to Us

Recent Publications

For over four decades, Abel Noser has been using detailed benchmark data analysis to help clients trade more efficiently and gain alpha.  Our global compliance and trade surveillance products offer comprehensive and versatile features that help asset owners and investment firms comply with various data-driven regulations while ensuring ongoing monitoring capabilities.  None of this could be possible without the depth of knowledge and market understanding unique to Abel Noser Solutions.  It's important for us to give back to the investment community that we serve.  Here are some articles derived from our research and collective insight.

Unintended Consequences of MiFID II Research Unbundling

 

Steve Glass - Co-CEO, Abel Noser Holdings and Michael Earlywine - Senior Vice President, Abel Noser Solutions

 

November 14, 2019

 

For several years, we have been alerting asset owners and investment managers about both the opportunities and potential unintended pitfalls associated with the Markets in Financial Information Directive II’s (MiFID II) research unbundling rules.   To be sure, we support the increased transparency and accountability engendered by the new rules.  However, we have also cautioned asset owners to be

 

 

SEC Rule 606 Provides Asset Owners with Another Tool for Protecting Fund Assets

Five Important Questions to Ask Your Fund Managers in Light of the Amended Regulations

 

Steve Glass - Co-CEO, Abel Noser Holdings

 

November 8, 2019

 

In the first quarter of 2020, new regulations are scheduled to go into effect which amend SEC Rule 606 to require that broker-dealers disclose “enhanced information about the way they handle investors’ orders.”   Broadly speaking, these amendments will collectively enable managers to ...

 

 

SEC Rule 606 Update

 

What You Need to Know Now!

 

Michael Earlywine – SVP, Channel Partner Sales, Abel Noser Solutions

 

November 4, 2019

 

The SEC has finalized their comments on the revised Rule 606. Barring any last-minute changes, the implementation dates are now set. Read on to view a compliance date matrix. Here are also some thoughts on the 606 timeline (including some not so obvious implications) ...

 

 

More Transparency Required

A Quick Review of the Amended SEC Rule 606

 

Michael Earlywine – SVP, Channel Partner Sales, Abel Noser Solutions

 

April 25, 2019

 

In this second article of our series on the growing regulatory focus on best execution, we’re taking a quick look at the recently adopted amendments to the SEC Rule 606 “that will require broker-dealers to disclose to investors new and enhanced information about the way they handle investors’ orders.”1  Despite the changes and delays common to regulatory evolution, the new 606 reporting requirement deadlines are fast approaching.  More importantly, the updated rule holds the potential to transform the traditional broker/client relationship.

 

 

Best Execution Requires More than a Midpoint Print and a Low Commission

Advisers, managers and brokers need a systematic approach to comply with their ever-growing best execution responsibilities

 

Michael Earlywine – SVP, Channel Partner Sales, Abel Noser Solutions

 

March 12, 2019

 

When confounded by the threshold test for obscenity in 1964, Associate Justice of the Supreme Court of the United States, Potter Stewart, famously remarked “I know it when I see it."  To a great degree, the same is often said about best execution in the securities market.   Traders and managers will often struggle to explain or define best execution but consistently profess “I know it when I see it” or, just as often, “I know it when I don’t see it!”

 

But with last year’s introduction of MiFID II/PRIIPs in Europe, and the Office of Compliance Inspections and Examinations (OCIE) alert memo on best execution, and this year’s restructuring of the 606 broker execution reporting requirements, the days of “I know it when I see it” are certainly past. ...

 

 

The Impact of Passive Investing on Intraday Liquidity

 

When the Volume Smile Turns into a Volume Smirk

Michael Earlywine – SVP, Channel Partner Sales, Abel Noser Solutions

 

Index tracking portfolios currently hold more than 29% of US stocks and are projected to top 50% as soon as 2021, according to Moody’s Investor Service.  Less conservative projections suggest that passive investors are on track to own 100% - that is to say, everything - by 2030.  This idea is implausible for any number of reasons, and of course  we do not expect ...

 

 

Working with Abel Noser Solutions

 

There are a number of ways a company can work with us to experience our best-in-class products and services:

  • Direct Clients - Direct clients receive products and industry-leading services directly from Abel Noser Solutions.
  • Strategic Partners - We have also developed a network of partners who we work closely with to ultimately deliver our products and services.
  • Distributor - In a typical distributor partnership, Abel Noser Solutions operates as a wholesaler, delivering TCA services through a reseller to its clients. Resellers, usually prime brokers, brokers, correspondent clearing firms, and custody clients, pursue opportunities with their own sales forces using Abel Noser TCA products that can be "white-labeled" or re-branded.
  • Referral - In a referral relationship, partners such as brokers and consultants can actively sell our services to their clients in return for revenue sharing with Abel Noser Solutions.

 

Please contact us at info@abelnoser.com to learn more.

Request a Free Trial

Click below to learn how our powerful end-to-end trading analytics and transaction surveillance platform can provide transparency; and save you money.

 

Get Started