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Trading Technology

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Leslie Kramer
Leslie Kramer
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Suite offers risk-mitigating tools to better help clients achieve their trading objectives.

Knight Capital Group, Inc. is launching its real-time global transaction cost analysis product suite, designed for clients using Knight's electronic and voice trade execution offerings. This new product suite provides clients with market insights and decision-support capabilities with both pre- and post-trade analysis to achieve their trading objectives. When trading with Knight electronically, clients can utilize the new trade cost analysis product suite on the Knight Client Center, Knight's web-based portal, and through Knight Direct EMSTM, Knight's broker-neutral multi-asset class trading platform. Through both platforms, clients are able to monitor all orders and trades with real-time profit and loss measurements. When utilizing our program trading services, via Knight's voice offering, clients can work directly with their program sales professionals to track their trades throughout the day and then use the suite's real-time Portfolio Monitoring tool to track their progress.

"Clients in today's highly volatile market are demanding improved transaction cost analysis tools," said Bill Cronin, managing director at Knight, in a press release. "Our new product suite brings this to our clients on a real-time, global basis," he said. Knight's real-time global transaction cost analysis product suite provides clients with the information they require when managing the execution of a portfolio of securities spanning a wide array of sectors, market capitalization and liquidity. Clients can upload their portfolios anonymously and generate pre-trade reports that provide comprehensive analytics including transaction cost forecasting, risk analysis using statistical risk models, historical time-series performance analysis and real-time portfolio trading monitoring.

Traders and managers can easily evaluate individual, algorithmic and strategy performance on orders executed, and are also able to view market impacting factors such as percentage of intra-day volume and percentage of average daily volume (ADV). This analysis can be run against a single basket or an entire quarter's trade activity and the performance can be displayed against numerous benchmarks in both a graphical and tabular format. Post-trade analytical functionality allows clients to run historical reports for the day, month or quarter, providing clients with valuable feedback to help in managing risk exposure and planning the execution of future trades. In addition, clients can view their profit and loss results across various aggregation points including sector, market capitalization and liquidity.

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