Peer group comparison is an important part of any analysis of trading performance. However each transaction is somewhat unique as are the challenges faced by traders in different buy-side institutions.

The GSCS Universe comprises a growing database which increases by two million equity transactions every year. It covers equity securities in all countries as well as a growing number of fixed income transactions. GSCS undertakes a rigorous and regular statistical review of its Universe to ensure that the data presented is statistically robust.

More important from a client perspective is the knowledge that the trades in the GSCS Universe do not include any hedge fund managers or brokers. In addition with most of its clients in Europe, the GSCS Universe includes trading that is needed to support multiple asset management styles within a single institution. Clients are generalist rather than narrowly focused. This means that for the most part traders whose activity is captured are facing similar challenges in terms of markets and securities traded, order sizes, time zone considerations etc.

All data within the GSCS Universe is anonymous as to client. However, GSCS believes it is an important part of general market education that high level anonymous data should be made available if possible. GSCS therefore is happy to see some information published regularly in the Trade magazine, a publication devoted to the needs and challenges of buy-side traders. Examples of some of the recently published quarterly information can be viewed here.

Published data

Transition management

Academic papers