Tag: TCA

TCA

Virtu Launches Prism Frontier TCA for Traders

Virtu Financial, which provides trading technology and liquidity, announced the continued expansion of its execution services offering with the launch of Prism Frontier, a post-trade analytics tool designed to provide transparency and forensics around client executions. Last month, Virtu released a TCA product for FX algo execution. In order to perform meaningful analysis of execution […]

Latest FMSB Paper Looks at Execution Quality in FICC Markets

The FICC Markets Standards Board (FMSB) has released a fourth, and what it says is its last spotlight review, this one studying the challenges in measuring execution quality and how different participants assess it. FMSB acknowledges the increased focus on best execution and transaction cost analysis (TCA) by market participants and regulators and says that […]

Simple, but Sophisticated: XTX Launches FX Execution Algo

It is an old saw in the FX industry that firms respond to customer demand and with algo usage on the increase for firms executing FX trades, inevitably eyes have turned to XTX Markets with the question, ‘will it also enter the market for algos?’ As one of the biggest FX market makers such questions […]

Virtu Releases New TCA for FX Algos

Virtu Financial today announces the expansion of its global TCA offering with the launch of a new analytics product dedicated to FX algorithmic execution. As consumers of its own products, Virtu says it incorporates firsthand learning into its analytics tools that are designed to assist clients in analysing their trading decisions. Drawing on its scale, […]

JP Morgan FX Survey Highlights Data Concerns

Although the availability of liquidity remains the biggest daily concern for market participants, according to JP Morgan’s annual e-trading survey, the results also suggest growing concerns about the availability of data and an increased focus on data services. The annual survey, now in its fourth year, invites institutional and professional traders to share their views […]

Unlocking the Value of FX Data

  With more data available to FX market participants than ever before, the real value is in being able to interpret this data, says Maria Prata, managing director, global FX, at Deutsche Bank in a new video interview with Profit & Loss. Acknowledging that “data” has become something of a buzzword in the FX industry […]

And Another Thing…

The agenda established by the Global Foreign Exchange Committee for the focus of the impending three-year review of the FX Global Code was not expected to surprise – and it didn’t. As I argued in Monday’s column the key factors in need of discussion and review largely surround execution – although I have to acknowledge […]

GFXC to Add Algo Guidance to FX Global Code

The Global Foreign Exchange Committee (GFXC) at its meeting in Sydney this week established five areas of focus for its work to maintain the FX Global Code, with algo execution and transaction cost analysis (TCA) being added to the existing workstreams around buy side outreach, disclosures, anonymous trading and execution principles. According to GFXC chair […]

And Finally…

I am writing this sitting in a US airport awaiting my flight home – that airport is JFK in New York and, thanks to a short delay, I cannot help but think that just a few years ago it was here that Mark Johnson was arrested and commenced a period of hell that few, if […]