Transaction cost analysis (TCA)
FastMatch’s FX Tape available via QuantHouse’s API
The move extends the FX consolidated tape’s reach to a wider audience
FX Connect platform gets a significant upgrade
State Street's revamps for interface and order tools lead in 2019 product overhaul
Refinitiv’s FXall TCA tool goes live
New features will be added to analysis tool at regular intervals in 2019
Virtu Financial to acquire ITG for $1bn
Cash deal comes little over a month since reports of potential merger
State Street’s Bond: BestX audit will guarantee independence
TCA provider BestX will retain independence and be subject to annual audits focused on data
BestX clients seek independence reassurance
Clients and LPs want clarity around the deal between State Street and BestX to gain confidence about the provider’s continued independence
Record hires New Change FX for TCA
The specialist currency manager engages independent data and transaction cost analysis provider
BidFX joins MarkitServ’s FX network
The firm expands range of post-trade processing services it offers clients
Allston Trading picks Corvil for analytics
The electronic market-maker seeks to optimise its systems and infrastructure for better execution outcomes
FXall launches analytics tool
FXall launches the Trade Performance Analytics tool, which will be rolled out on other Thomson Reuters platforms in future
Sargeant joins Cürex London
Glen Sargeant is responsible for developing customer relationships throughout the UK and Europe
State Street to buy BestX
The TCA provider is set to become a wholly owned subsidiary of State Street; financials undisclosed
Curex appoints Richard Daniels as managing director
Daniels reports directly to chief executive James Singleton
Record’s Wood-Collins: more disclosures needed
The UK-based currency manager’s chief says some asset managers appear to use only one counterparty for FX trading
MahiFX launches data analytics tool
MFX Echo will help traders identify “highly impactful behaviour” to inform trading decisions
Societe Generale adds BestX to TCA suite
The independent transaction cost analysis tool will complement the bank’s own TCA product for algo-executed trades
TCA costs up to 12% of tech budgets – Greenwich
A survey of buy-side equity trading desks shows 86% use TCA, which can make up 12% of their technology budget
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
Market participants call for more TCA disclosures
The cost of TCA is negotiable, but the billing method should be disclosed, says one market participant
FX Connect to offer BestX analytics
The platform’s key client base is the core audience for FX TCA
Best execution tops list of daily challenges – JP Morgan survey
The bank questioned more than 400 institutional investors about e-trading trends for 2018 in fixed-income and commodities markets
Nex: more data and better analytics in 2018
This will lead to better execution outcomes for clients
Citadel Securities: understanding LP performance set to drive behaviour
As execution quality is better understood, clients will look to deepen relationships with good liquidity providers
BNP Paribas: evaluating tools and practices to be big theme
Following a year of intense preparation for Mifid II