Eze Software teams up with Trade Informatics for TCA

Trade Informatics will provide post-trade analytics to Eze Investment Suite users to improve its TCA.

Eze Software has partnered with Trade Informatics to improve its transaction cost analysis (TCA) service with the addition of post-trade analytics.

The development means Eze Investment Suite users will gain access Trade Informatics post-trade data to assess execution performance against various benchmarks.

Bill Neuman, managing director of product management and development for Eze Software, explained the partnership will allow traders to provide a ‘solid framework’ for best execution under MiFID II.

Allan Goldstein, chief operating officer at Trade Informatics, added: “Combining our best-of-breed products will extend the capability of portfolio managers to align their alpha profiles with their execution strategies, lowering implementation costs and narrowing the gap between expected and realised returns.”

In June, Eze Software launched its cloud-based commission management platform within the Investment Suite ahead of MiFID II’s unbundling rules.

The firm said the platform focuses on the creation of a research evaluation process, incorporating broker votes, tracking and evaluation of individual pieces of research.