Ancerno, formerly a unit of broker-dealer Abel/Noser Corp., a leading provider of transaction cost analysis services, has launched a Web-enabled version of its pre-trade analytical product, Trade Compass. The tool provides customers with a comprehensive solution for estimating transaction costs, planning trading strategy and assessing execution risk.
Trade Compass is the first of Ancerno's products to be deployed to the Web, representing a strategic decision by the firm to migrate its technology and deliver its full line of TCA products and services over the Internet by early 2010. Though Web enablement, Ancerno expects to reach customers through more delivery channels, integrate more easily with distribution partners, and give Ancerno the flexibility to service customers more efficiently. Ancerno said the company is also making a significant investments in its infrastructure."
Ancerno maintains an industry database — or universe— of over $7.5 trillion in annual principal traded by over 500 global clients. This universe enables Ancerno to generate a wide variety of accurate stock level benchmarks and pre-trade cost estimates based on historical trading results Trade Compass draws on this universe to calculate "experience benchmarks," according to the release. Reports are fully customizable and exportable to MS Excel.
"We feel Trade Compass offers our customers greater accuracy and flexibility for pre-trade analysis," stated James Noser, Ancerno's president, in the release. It lets customers use our experience benchmarks or other industry standard estimates and even to compare them side by side. This combination works extremely well as trading options increase and execution strategies become more complex".
Ivy is Editor-at-Large for Advanced Trading and Wall Street & Technology. Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in the capital markets. As an industry expert, Ivy has reported on a myriad ... View Full Bio