Bourne Strikes Again
BEFORE THE SPIN
As I have come to realize, Kevin Bourne, managing director and global head of execution trading at HSBC, is not afraid of taking on moldy ways of doing business. Bourne is following in the tradition of other trailblazers in this industry who not only fix major problems, but also frequently set the pace for their peers.
In a meeting I had with him last week, Bourne says that the industry should think seriously about setting transaction cost analysis (TCA) benchmarks for pre- and post-trade
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