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« What services are expected from a Dealing- Room in Luxembourg and what has changed since the financial crisis ? » Carlo FRIOB ACI Conference à Luxembourg, le 27 octobre 2009

« What services are expected from a Dealing-Room in Luxembourg and what has changed since the financial crisis ? » Carlo FRIOB ACI Conference à Luxembourg,

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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

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Page 1: « What services are expected from a Dealing-Room in Luxembourg and what has changed since the financial crisis ? » Carlo FRIOB ACI Conference à Luxembourg,

« 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

Page 2: « What services are expected from a Dealing-Room in Luxembourg and what has changed since the financial crisis ? » Carlo FRIOB ACI Conference à Luxembourg,

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

Page 3: « What services are expected from a Dealing-Room in Luxembourg and what has changed since the financial crisis ? » Carlo FRIOB ACI Conference à Luxembourg,

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