TradeShare, a provider of trade execution analysis services to UK pension funds owned by UK-based pension software company Euraplan, has launched a consultancy service that it says will help pension schemes “understand, measure and quantify the effects of inefficient equity trading.”
75 pension schemes, both corporate and public, are already receiving quarterly TradeShare reports. The new consultancy service aims to offer clients an opportunity to use information available within the TradeShare system.
Euraplan Chairman Paul Lalwan, citing published claims that poorly-executed trades lose UK pension funds up to Ј5 billion annually, says TradeShare will help tackle the lack of transparency in best trade execution identified by the FSA, The Treasury, CESR1 and the Myners Report. “After TradeShare has identified poor and inefficient trade execution the new consultancy service offers the next step – what to do about it,” he says. “We will work with investors and managers to provide a workable solution which we are confident will lead to more transparency, accountability and ultimately a win-win scenario for all concerned.”
Euraplan has appointed Shane Norman, a former analyst and fund manager, to head the new service.
“The consultancy service builds on TradeShare’s unique ability to group investors together and compare value received from asset managers on a like-for-like basis,” adds Andrew Caird, associate director of sales and marketing at Euraplan. “It empowers pension schemes to have an educated discussion with their managers and build a road map to best execution in equity trading.”