--- title: Tourmaline Enhances Commission Spend Data description: New functionality increases commission spend information. image: https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/iStock-494940062-May-12-2022-09-32-45-42-AM.jpg --- ![websites-group](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/new-MMG-01.svg) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-new-marketsmedia-logo.svg)](https://www.marketsmedia.com/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-menu-traders-redlogo.svg)](https://www.tradersmagazine.com/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-menu-bestexe-logo.svg)](https://www.bestexecution.net/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-menu-fidesk-logo.svg)](https://www.fixglobal.com/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-fixglobal-new-logo.svg)](https://www.fixglobal.com/) - [*Facebook*](https://www.facebook.com/MarketsMedia/) - [*Twitter*](https://twitter.com/marketsmedia) - [*Linkedin*](https://www.linkedin.com/company/markets-media-llc) - [Newsletter](https://articles.marketsmedia.com/tourmaline-enhances-commission-spend-data#popup-newsletter) #### Want the latest news on securities markets -- FREE? Sign up to receive exclusive articles on topics including: - Equity market structure - Profiles of buy-side investment firms - The evolution of multi-asset-class trading - Regulation and its implications for markets - The search for liquidity in fixed income markets - The convergence of fintech and capital markets Select one or more newsletters you would like to receive: menu [![Markerts media](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/header%20logo.svg "Markerts media")](https://articles.marketsmedia.com/) - [Press Release](https://articles.marketsmedia.com/tag/press-releases) - Press Release - Tourmaline Enhances Commission Spend Data Search - [Home](https://articles.marketsmedia.com/) - [Trending](https://articles.marketsmedia.com/tag/trending) - [Featured](https://articles.marketsmedia.com/tag/daily-email-feature) - [Sectors](https://articles.marketsmedia.com/tag/sectors) - [From The Markets](https://articles.marketsmedia.com/tag/from-the-markets) - [AWARDS](https://articles.marketsmedia.com/tag/events) - [Newsletter](https://awards.marketsmedia.com/newsletter-sign-up) - [Newsletter](https://articles.marketsmedia.com/tourmaline-enhances-commission-spend-data#popup-newsletter) Hide search Search - NewsLetter ![](https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/trading-up-occ-iex-select-board-members-citadel-lands-lieblich-573x379-Jul-07-2022-09-34-11-57-AM.jpg) [ON THE MOVE: Citi Hires Artie Ambrose;...](https://articles.marketsmedia.com/on-the-move-citi-hires-artie-ambrose-natalie-a-brown-to-mesirow) ![](https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/Depositphotos_445735906_L.jpg) [Trading Adapts to ESG and Sustainable...](https://articles.marketsmedia.com/trading-adapts-to-esg-and-sustainable-investing) ![](https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/iStock-917493152-Jul-07-2022-09-34-19-09-AM.jpg) [Focus on FX Execution Connectivity](https://articles.marketsmedia.com/focus-on-fx-execution-connectivity) ![](https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/Depositphotos_333839538_L.jpg) [TRACE Turns 20](https://articles.marketsmedia.com/trace-turns-20) 09.18.2018 By John D'Antona Press Release # Tourmaline Enhances Commission Spend Data 09.18.2018 By John D'Antona ![Tourmaline Enhances Commission Spend Data](https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/iStock-494940062-May-12-2022-09-32-45-42-AM.jpg) [Share](https://www.facebook.com/share.php?u=https://articles.marketsmedia.com/tourmaline-enhances-commission-spend-data) [Tweet](https://twitter.com/intent/tweet?text=US+ETFs+Have+Record+Net+Inflows&url=https://articles.marketsmedia.com/tourmaline-enhances-commission-spend-data) [Share](https://www.linkedin.com/cws/share?url=https://articles.marketsmedia.com/tourmaline-enhances-commission-spend-data) Tourmaline Partners, LLC, one of the world’s leading outsourced trading solutions firms, today announced the addition of an “execution dashboard” to its client website to provide its buy-side clients with greater transparency into their total broker research spend. Now, in addition to providing comprehensive trade detail and aggregated CSA (commission sharing arrangement) administration, Tourmaline tracks and reports each client’s total broker spend, combining all broker CSA payments and attributed trading. (‘Attributed trading’, or ‘attribution’, arises when clients ask Tourmaline to trade with specific brokers as payment for research services. This is most common with clients outside the MiFID II regime.) “Investment Managers continue to reduce broker lists and rely on a smaller subset of key trading partners,” said Tim O’Halloran, Tourmaline Managing Director. “As Tourmaline grows, more clients are asking us to direct trades to research brokers with whom they do not have an established trading relationship in addition to using CSAs to pay them for their services. Providing this flexibility to pay for research via multiple paths supports a best execution framework.” The execution dashboard provides an easy-to-use interface for intraday monitoring and reporting of client commissions. Excel download capabilities enable further custom analysis and integration with other services. “We constantly strive to improve our clients’ trading experiences, and part of that is making enhancements to our platform and client website in response to their demand,” said Aaron Hantman, Tourmaline’s Chief Executive Officer. “In the wake of MiFID II and similar regulations, demand for transparency around trading has never been greater. While we have been providing our buy-side clients with attributed trading since we launched, our new execution dashboard now brings unprecedented clarity to clients, providing them with a full picture of their broker spend.” In October 2017, Tourmaline launched their commission management offering in response to a growing demand for CCA and CSA administration and aggregation, providing 24-hour access to a custom-built encrypted website, online payment review and approval and comprehensive, centralized reporting. The flexibility to fund research budgets with CSAs, aggregation and attributed trading is unique to Tourmaline Partners. It allows the buy-side to remunerate their brokers thoughtfully, manage their counterparty lists and still seek best execution. Tourmaline Partners provides tailor-made, outsourced trading solutions and best-execution expertise to over 300 institutional investment clients ranging from emerging hedge funds to multi-billion dollar asset managers. [Share](https://www.facebook.com/share.php?u=https://articles.marketsmedia.com/tourmaline-enhances-commission-spend-data) [Tweet](https://twitter.com/intent/tweet?text=US+ETFs+Have+Record+Net+Inflows&url=https://articles.marketsmedia.com/tourmaline-enhances-commission-spend-data) [Share](https://www.linkedin.com/cws/share?url=https://articles.marketsmedia.com/tourmaline-enhances-commission-spend-data) ![email](https://articles.marketsmedia.com/hubfs/Markets%20Media/email.svg) ### NEWSLETTER SIGN UP And receive exclusive articles on securities markets ### Related articles 1. [![](https://articles.marketsmedia.com/hs-fs/hubfs/Imported_Blog_Media/trading-across-the-pond-Jul-07-2022-09-33-17-07-AM.png?width=376&height=250&name=trading-across-the-pond-Jul-07-2022-09-33-17-07-AM.png)](https://articles.marketsmedia.com/eu-achieves-electronic-trading-of-standardized-otc-derivatives) Regulation ## [EU Achieves Electronic Trading of Standard OTC Derivatives](https://articles.marketsmedia.com/eu-achieves-electronic-trading-of-standardized-otc-derivatives) ISDA warns on proposed changes to post-trade deferrals regime. 07.07.2022 By Shanny Basar 2. [![](https://articles.marketsmedia.com/hs-fs/hubfs/Imported_Blog_Media/iStock-522304914-Jul-07-2022-09-33-41-28-AM.jpg?width=376&height=250&name=iStock-522304914-Jul-07-2022-09-33-41-28-AM.jpg)](https://articles.marketsmedia.com/six-digital-exchange-collaborates-with-fireblocks) Fintech ## [SIX Digital Exchange Collaborates with Fireblocks](https://articles.marketsmedia.com/six-digital-exchange-collaborates-with-fireblocks) The partnership will focus on delivering an institutional custody solution for digital assets. 07.07.2022 By Shanny Basar 3. [![](https://articles.marketsmedia.com/hs-fs/hubfs/Imported_Blog_Media/Depositphotos_103566932_L-2.jpg?width=376&height=250&name=Depositphotos_103566932_L-2.jpg)](https://articles.marketsmedia.com/iosco-publishes-crypto-asset-roadmap) Regulators ## [IOSCO Publishes Crypto-Asset Roadmap](https://articles.marketsmedia.com/iosco-publishes-crypto-asset-roadmap) The IOSCO Fintech Task Force will collaborate closely with other international bodies. 07.07.2022 By Shanny Basar [![MarketsMedia](https://articles.marketsmedia.com/hubfs/MarketsMedia.svg "MarketsMedia")](http://marketsmedia.com) - [About us](https://www.marketsmedia.com/about-us) - [Careers](https://www.marketsmediagroup.com/careers) - [Contact](https://www.marketsmediagroup.com/contact) - [Advertise](https://www.marketsmediagroup.com/advertise) - [Newsletter](https://awards.marketsmedia.com/newsletter-sign-up) - [Corporate Site](https://marketsmediagroup.com) - © 2026 Markets Media Holdings LLC - - Terms & Conditions - Privacy Policy {{ standard\_footer\_includes }}