Thomson Reuters has introduced Trade Performance Analytics (TPA) for FXall users, a new analytics solution aimed at helping FX traders assess the quality of their trade execution, identify new opportunities to improve performance, and demonstrate best execution to their stakeholders.
In a release issued today, Thomson Reuters says that the launch of TPA was driven by the growing sophistication and adoption of analytics to drive decision making amongst FX market participants. The firm says that some of the benefits of TPA are that it will allow users to assess the quality of their historical execution, conduct like-for-like comparisons of liquidity providers and make better informed trade planning decisions.
“The FX market has now fully recognized the need to pay closer attention to transaction costs. Trade Performance Analytics delivers insights that can help minimize transaction costs for users and bring a greater level of transparency. This will enable them to have more meaningful conversations with their liquidity providers,” says Jill Sigelbaum, head of FXall at Thomson Reuters. “Trade Performance Analytics is another milestone in delivering comprehensive analytics solutions that cover all points in the FX trading lifecycle.”
Initially being launched for FXall users only, TPA will subsequently be enhanced to cover other Thomson Reuters trading venues.