FX Markets

FCA: TCA ‘unlikely’ to fall under research

Third-party transaction cost analysis fees will be difficult to include in the spread if they do not count as research costs

price-tag2015
Fees in focus: third-party TCA costs are likely to be shouldered by asset managers rather than clients
  • Eva Szalay
  • LinkedIn  
  • Save this article
  • Print this page  

The payment of third-party transaction cost analysis services is likely to be shouldered by asset managers, rather than passed on to clients, because the UK’s Financial Conduct Authority says such fees are unlikely to qualify as research costs.

Last month, an article in FX Week highlighted that several asset managers currently pay for external, third-party TCA services as part of the spread, which means the TCA fee becomes a component of the overall cost of execution, which can then be charged

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

Copyright Infopro Digital Limited. All rights reserved.

You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]

Copyright Infopro Digital Limited. All rights reserved.

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]

To continue reading...

More on Trading

Follow Topics

Most read

  1. Swaps platform aims to cut out the banks – but not entirely
  2. Ion forced to split Broadway, keeping FX
  3. CLS proposes second-tier FX settlement system
  4. Taiwan regulator open to more onshore insurer FX hedging
  5. Buy side hopes for best execution reporting carve-out

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: