Agency broker Kepler Cheuvreux has bolstered its analytics with big xyt’s platform and transaction cost analysis.
ITG and AQR Capital veteran, Hitesh Mittal, looks to reduce transaction costs of ‘stale’ broker algorithms with new algo trading and TCA platform.
Virtu Financial expands its TCA with FX benchmarks to measure performance and quality of liquidity.
Plato Partnership will introduce a TCA system focused on providing order routing transparency in Europe from US-based BabelFish Analytics.
Virtu Financial will bring its TCA to other asset classes as it looks to offer multi-asset analytics to clients.
Buy-side traders still want to be able to stop algos and take control for themselves in-flight, but data challenges remain for those seeking a low-touch route.
Solve Advisors’ platform uses machine learning and NLP to aggregate data in fixed income markets for price discovery.
AXA's Lee Sanders and Pictet's Carl James reject use of TCA in fixed income markets due to nature of products compared to equities.
Despite buy-side citing use of transaction cost analysis (TCA) as a larger focus post-MiFID II, Citi's market structure head for EMEA says the bank is actually seeing the converse in action.
Speakers at TradeTech FX USA told delegates that traders would be empowered if ‘in-flight’ TCA could flag when trades aren’t going as planned.