Market participants call for more TCA disclosures

The cost of TCA is negotiable, but the billing method should be disclosed, says one market participant

A hand measuring a gap with a ruler
Measure by measure: who pays and how much for TCA is a question with a less than transparent answer

Market participants are calling for more disclosure around who pays the fees for transaction cost analysis and the way third-party providers charge for their analytics services, following a proliferation of partnerships between liquidity providers (LPs) and venues.

Following the introduction of the second Markets in Financial Instruments Directive (Mifid II), asset managers face the responsibility of providing asset owners with a robust and transparent process that proves best execution. While

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 customer services -, or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to FX Markets? View our subscription options

If you already have an account, please sign in here.

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: