Refinitiv has formally launched Trade Performance Analytics (TPA), the new analytics solution for users of FXall.
“TPA empowers users to assess the quality of their historical execution, conduct like-for-like comparisons of liquidity providers, as well as make better informed trade planning decisions. Leveraging highly interactive data visualisation technology, this comprehensive analytics solution offers several analytics views that are available for immediate use, with the ability for users to customise their analysis using a wide range of filters,” says Refinitiv in a release announcing the launch today.
The firm says that the launch of TPA comes as regulation and heightened conduct standards are driving market participants to pay closer attention to their FX execution, and that these analytics are closely aligned with this trend because it provides a greater level of transparency, whilst significantly enhancing market participants’ best execution process by generating actionable insights on how to improve execution performance.
“We developed Trade Performance Analytics to help FXall users gain a better understanding of the transaction costs they incur during the normal course of their daily trading and enable them to have more meaningful conversations about pricing with their liquidity providers,” says Jill Sigelbaum, head of FXall. “Trade Performance Analytics differentiates itself by utilising Refinitiv’s powerful FX data to deliver a comprehensive analytics solution that is seamlessly tied to the trading workflow. Refinitiv FX platforms currently average approximately $425 billion a day in trading volumes.”