« What services are expected from a Dealing-Room in Luxembourg and what has changed since the financial crisis ? » 

Carlo FRIOBACI Conference à Luxembourg, le 27 octobre 2009

The Wealth Manager’s perspective

Services expected :

1. Access to platforms : delivery of a network• Market orientation• Positions, size, volumes

2. Execution process : delivery of quality• Pre trade and post trade information

3. « Eyes and ears » on the markets : delivery of information• Research, corporate actions, trends

The Wealth Manager’s perspective

What has changed since the financial crisis ?

1. Liquidity

• New Issues, secondary market• Fund/ Hedge Fund industry

2. Transparency

• On execution• On underlyings• On products : guarantor, issuers, product features