Technology no longer offers a competitive advantage for banks

The systems that support portfolio trading are much of a muchness

Portfolio trading ranks well up on the list of financial services that owe their success - and their genesis - to gains in information technology. The speed and efficiency with which clients can bundle their portfolios and brokers can repackage, execute and report those transactions are a product of the connectivity between banks, their clients and a multitude of execution and settlement venues.

Jennifer Berg, head of portfolio trading at UBS Warburg, says: 'Technology has always been a critical component of the portfolio trading industry. Technology allows us to screen, interpret and react to the ever-increasing speed and quantity of information available in today's global marketplace.'

WSJ Logo
How Trump Got His ‘Big, Beautiful Bill’ Across the Finish LineExternal link

How Trump Got His ‘Big, Beautiful Bill’ Across the Finish Line