PT - JOURNAL ARTICLE AU - Peter Curley TI - The Buyside and the Three Phase-Evolution of Electronic Trading AID - 10.3905/jot.2007.669807 DP - 2006 Dec 31 TA - The Journal of Trading PG - 103--106 VI - 2 IP - 1 4099 - https://pm-research.com/content/2/1/103.short 4100 - https://pm-research.com/content/2/1/103.full AB - The Buyside and the Three Phase Evolution of Electronic Trading describes how the buyside's insourcing of the execution function is occurring at a time of seismic change for not only buyside firms, but also brokers and execution venues. It goes on to illustrate the reasons for the rapid adoption of electronic trading and how this new world will evolve in three distinct phases. It concludes by outlining why the best execution requirement will demand that the trading platforms of tomorrow be supplied by independent broker-neutral software companies.TOPICS: Exchanges/markets/clearinghouses, big data/machine learning