
Globe and Mail Update, Octobre 2007
Un article de Cedric Packham sur le site Web du Globe and Mail (en anglais seulement)
Le numéro de juin 2007 de la revue PROFIT classe le Groupe Conseil Stratix parmi l'une des sociétés affichant la plus forte progression au Canada, avec une croissance du chiffre d'affaires de 427 % de 2001 à 2006. Cette croissance exponentielle a mérité au Groupe Conseil Stratix le 27e rang de la liste Next 100 de la revue PROFIT, qui regroupe les sociétés affichant les 101e à 200e meilleurs taux de croissance au Canada. Cette réussite est attribuable à l'offre de services-conseils de premier ordre et à une approche souple et personnalisée en matière de conseils et de services d'intégration en TI.
The Third Annual FPL Canadian Electronic Trading Conference took place on May 31 and June 1st 2007 at the Hilton Downtown Hotel in Toronto. The conference’s ambitious agenda addressed, amongst other issues, the use of FIX beyond equities and how new regulatory initiatives, along with several new trading venues, are restructuring the Canadian marketplace.

What is ‘Best Execution?’ It is often considered to be ‘Best Price,’ but this is not the case. ‘Best Execution’ factors include price, timing, certainty, anonymity, and execution costs. When optimally managed, these factors can improve portfolio performance.
What has changed in the Canadian securities marketplace that requires any action on the part of pension plans, investment managers and plan sponsors? There are two things: the emphasis on ‘Best Execution’ in Canada and globally, and the multiple trading venues that will be available in Canada in 2007.

Growth of multiple marketplaces in Canada has been slow despite an opportunity for Alternative Trading Systems (ATS) to exist since 2001. This is primarily due to limited sources of liquidity in Canada and limited interest from both the buy side and sell side to explore alternative ways of finding liquidity.

There is ongoing debate – and much confusion – concerning the definition of best execution. While regulators within respective domains are crafting legislation geared towards addressing the state of current market mechanics within their own jurisdictions, the "best execution" definition continues to vary amongst industry participants, and across jurisdictions.

The FPL Canadian Electronic Trading Conference held on May 31st at the Toronto Board of Trade was a sellout, continuing the success of last year's inaugural event.

The first FPL Canadian Electronic Trading Conference was held at the Board of Trade in Toronto on June 7th, 2005. The event was a huge success with over 350 attendees, 46 speakers and 30 exhibitors/sponsors. The enthusiasm from Canadian market participants for this, the first FPL educational forum, was unprecedented and resulted in the need for delegate and exhibitor waiting lists.