Buyer’s Guide: Transaction Cost Analysis 2014 — Functionality Review


GreySpark Partners presents a report that examines 12 technology vendor solutions in the TCA space. Buyers Guide: Transaction Cost Analysis 2014 is the second of two GreySpark reports exploring TCA. It builds on the results of the first report, Transaction Cost Analysis 2014, that showed, based on a survey of buyside and sellside firms, over the coming three years TCA solutions will be increasingly adopted in the capital markets industry.

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In recent years both buyside and sellside firms are under pressure from their clients to pursue more cost-effective trading techniques and to justify risky trading strategies in asset classes beyond equities. TCA can offer relief from these pressures. Investment managers, brokers and exchanges implement TCA to determine whether trade execution is occurring at the most efficient cost point. Additionally, a renewed emphasis on trading transparency is causing a rise in the number of third-party offerings on the market.

Between 2014 and 2017, TCA solutions will increasingly be utilised across equities, FX, listed futures and options, and fixed income, and it will have pre-trade, real-time and post-trade analysis functionality. Traditionally, TCA solutions are broker-provided or built in-house. The solutions are analysed from the perspectives of available benchmarks and depth of functionality.

Published on: 16 Jun, 2014

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Buyers Guide: Transaction Cost Analysis 2014 – Table of Contents

  • 1.0 TCA Usage is Expanding
    • 1.1. Third-party TCA Providers are Expanding their Functionality
  • 2.0 Factors for Consideration when Selecting a TCA Solution
  • 3.0 TCA Solution Providers Comparison and Review
    • Abel Noser
    • Bloomberg
    • ConvergEx
    • Fidessa
    • FlexTrade
    • IFS
    • InfoReach
    • ITG
    • KlarityFX
    • Markit
    • Oxial
    • TradingScreen
  • 4.0 Appendices
    • 4.1. Glossary of Terms
    • 4.2. Table of Figures
    • 4.3. Methodology