The last year's market deterioration made things difficult for brokers, who are seeing tighter spreads, fragmented flow, smaller trade sizes, and compressed commissions. Brokers now face the most difficult operating environment in recent memory, with decreased market liquidity, increased message traffic and lower order volumes from clients.

TradingScreen CEO Philippe Buhannic discusses what the buy side must do to avoid paying higher fees and obtaining disadvantageous pricing on broker-sponsored trading platforms.