Institutional investors need a partner that provides seamless access to market liquidity. With deep experience structuring and executing complex transactions, MRA has become a trusted partner for sophisticated buy-side clients.
We bring unparalleled experience in seamlessly executing large orders on behalf of institutional investors who rely on our ability to source meaningful liquidity. The significant decline in the capital commitment role played by dealers creates challenges for investors seeking efficient execution in the derivatives market. MRA addresses these challenges for its clients by playing an active role in the price discovery process and helping match the buyer and seller.
Our network of liquidity providers includes lay-off accounts, sell-side dealer desks, prop desks, upstairs market makers, and hedge funds. By actively working with this group, we bring a significant pool of liquidity to our institutional client base. MRA is an agency only execution firm that does not engage in proprietary trading. Because we never take the other side of a transaction, we are 100% committed to finding the best price for the client every time. Our relationships with both buyer and seller - and the value we bring to the idea generation and execution process - allows MRA to offer a unique value proposition.
The increasing fragmentation of the options market, and the continued migration to penny wide spreads means there are times when it is best to execute an order electronically. MRA employs REDIPlus, a broker-neutral, industry-leading execution management system. REDIPlus offers a suite of sophisticated routing strategies that allows MRA to efficiently access displayed and hidden liquidity while minimizing information leakage.
We are as committed to the process of post-trade support as we are to the transaction execution process. Utilizing the market leading clearing services of Goldman Sachs Execution & Clearing (GSEC), our team works to ensure that client trades settle seamlessly. Our operations team is engaged each day in identifying potential issues and working in concert with client teams and GSEC to successful resolution.
At MRA, we uniquely combine exceptional idea generation with exceptional salestrading. Our price discovery process is systematic and efficient, and always honors the client's need for confidentiality.
Because option salestrading is highly nuanced, we have developed and follow a check list of 15 items that guide us in the process of determining the best way to find the other side of a client’s trade. This process allows us to quickly understand the financial characteristics of a given option (i.e., gamma, skew, vega, event risk, relative value) and determine which counterparties are best at providing liquidity given the order. For example, certain liquidity providers are better option sellers than others. Certain others have sector expertise. Because we know our liquidity providers very welll, we are able to direct the pricing inquiry to the source most likely to fit the order.
Our process at MRA is strictly geared towards best execution on behalf of clients. MRA is an agency only execution firm that does not engage in proprietary trading. Because we never take the other side of a transaction, we are 100% committed to finding the best price for the client every time and avoid any possible conflict of interest. We achieve this through aggressive negotiation on behalf of the client with multiple liquidity providers during each transaction.