Algo Wheels: Best Execution, Workflow Solution, or Both?

While trading analytics tools have assisted buy-side traders for decades, money managers increasingly are turning to algo wheels not only to help traders measure and manage algorithmic performance, but also to streamline their workflow. TABB Group founder and research chairman Larry Tabb examines the use of algo wheels on the buy side and the drivers behind their accelerating adoption, as well as their impact on brokers' businesses.