TradingScreen, a provider of execution management systems, has launched a post-trade transaction cost consulting service.
The new consulting service supplements TradingScreen’s multi-asset class transaction cost analysis data with a proprietary range of analytical tools and a face-to-face consulting capability. The company has conducted a survey of global asset management professionals to develop a methodology of analysis backed by its transactional database.
“For many clients, especially those with small trading desks, the amount of resources that can be spared for transaction cost analysis is normally limited”, said Phillipe Buhannic, CEO of TradingScreen. “TradingScreen has developed a cost-effective solution that can help analyse trading results and propose different execution approaches. This advice is broker neutral, completely unconflicted and leverages one of the largest trade databases in the world”, he added.
Under the new service, clients will be able to incorporate external data, methodologies and output data to 3rd parties. “Just as clients have preferred brokers, they may have preferred consultants or be interested in proprietary tools offered by others” said Robert Kay, head of analytics at TradingScreen. “Our transaction cost data offers benchmarks, parameters and filters across all brokers to a common standard and measurement methodology. If clients want that data provided to their preferred consultants outside TradingScreen, we will accommodate that,” he said.