Virtu Financial is expanding its FX transaction cost analysis (TCA) offering with the addition of new high precision, low latency FX TCA benchmarks.
The new FX benchmarks leverage Virtu’s technology platform and experience as a liquidity provider to the global FX markets to provide Virtu’s unbiased view of fair value at any point in time. FX TCA clients can utilise the new benchmarks for analysis of algorithm execution performance and to measure the quality of liquidity.
Virtu’s TCA products are offered through Virtu’s broker neutral, Workflow Technology and Analytics division, which is used by buy side and sell side firms to monitor, analyse and improve the quality of execution.
“Our new FX benchmarks provide our FX TCA clients with access to Virtu’s unique FX market insight as a global multi-asset market maker. The enhanced time granularity and breadth of coverage provide a valuable tool to measure the quality of broker liquidity and the performance of algorithmic executions,” says Kevin O’Connor, head of Virtu’s Analytics and Workflow Technology division.