Transaction Cost Analysis (TCA) is an independent global analysis platform that combines execution, algorithmic, venue and smart order router evaluation analytics. This service provides actionable insight to brokers and asset managers to enhance and synchronize their trading related execution quality management, compliance and management reporting capabilities. Trading desks leverage our TCA solution to streamline performance-based order routing and optimal strategy selection.
Designed by traders, our platform delivers the metrics necessary to streamline performance-based order routing and optimize trade strategy selection across equity, FX and fixed income. It combines comprehensive historical trading performance metrics with up-to-date forecasts and directional signals. Toxic liquidity and front-running surveillance tools accurately differentiate the performance of execution venues.
For buy-side firms, this advanced trading analysis solution provides the key trading intelligence for verifying execution quality across execution routes, from “high touch” to direct market access.
For sell-side firms, our sophisticated evaluation analytics for algorithms and smart order routers provide for the next generation of execution quality reporting and deliver trading intelligence valued by trading desks. A flexible report generation tool facilitates surveillance, supervision and management reporting requirements.