What's an Execution Trader

Discussion in 'Order Execution' started by qlai, Jun 6, 2019.

  1. qlai

    qlai

  2. Robert Morse

    Robert Morse Sponsor

    There are two types, internal and external.


    Internal- The hedge fund hires a trader to execute orders for other portfolio managers at the firm. Their job is to execute the order and sometimes give fees to outside brokers in exchange for IPO allocations or information.

    External-hire an outside BD to execute your orders for you. BTIG is big there. Their job is to find liquidity at a fair price and lower market impact of large orders.
     
    birdman and MarkBrown like this.