TradingScreen has launched real-time transaction cost analysis (TCA) tools for multiple asset classes, including foreign exchange.
The firm, which traditionally provides multi-broker and multi-asset class execution management systems, says the new tools can help firms control costs in an increasingly fragmented market. It also provides the ability to manage adverse market moves in a single security or across whole asset classes.
The introduction of these trader-optimized tools is a huge step forward in functionality, and will have an immediate positive impact on our clients trade performance, says Jon Fatica, head of analytics at TradingScreen. Real-time TCA helps traders identify trading venues and strategies for efficient execution at the lowest possible cost. Also, as more and more traditional and alternative asset managers start trading across asset classes and geographies, this functionality will provide an early warning system for rapid, adverse market movements.
The new offering also includes Tree Map, a heat map representation of TCA-related data.
This new platform enables traders to have more control when faced with fragmented liquidity, resulting in more effective trading decisions, says Philippe Buhannic, CEO of TradingScreen. TradingScreens focus has always been multi-asset class, and we continually strive to add more actionable insights to our interface in the form of analytics. Our real-time TCA is a natural extension of these two strategies, and delivers unique value for our global client base.
In 2011, TradingScreen became the exclusive licensee for Citis multi-broker post-trade Best Execution Comparison Services, overseeing all analytics for the division.
Best execution and TCA services allow firms to make more informed trading decisions by evaluating historical trading performance.
(CG)