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TradingScreen Expands Transaction Cost Analysis Capabilities

The TCA services will be integrated into the TradingScreen infrastructure.

TradingScreen Inc., an execution management system (EMS) provider of multi-broker and multi-asset class trading systems, announced today the acquisition of the post-trade transaction cost analysis and consulting services of GSCS Information Services Ltd. (GSCS).

The integration will establish TradingScreen as an independent provider of post-trade analysis and consulting services combining a unique client base of more than 1,000 large Buy Side institutions and a large pool of equity transactions under analysis.

TradingScreen always strives to bring new tools to sophisticated traders to help them operate more efficiently in ever more complex and challenging markets. Post-trade transaction cost analysis is the first component of a new range of proprietary analytical services that TradingScreen will offer to traders over the coming months. These services will all be fully integrated in the TradingScreen infrastructure, available in every region of the world and deployed using the same Software As A Service (SAAS) model that has established the reputation of TradingScreen. These services are available to clients of TradingScreen but can also be used by any other EMS/OMS user as a complement through a choice of interfaces.

TradingScreen has also announced the appointment of Robert Kay, Director of GSCS as Head of its Analytics department to lead the development and marketing of Trading Analytics, Risk and Reporting solutions to the Buy Side and Sell Side Communities. Robert will continue as Managing Director of GSCS Information Services ("GSCS").

"Our clients' focus is on independent, broker neutral, multi-asset class services delivered in real-time. Future developments of our analytics services will raise the bar of what the market had available in the past by intelligently combining real time tool, a unique peer group and in depth reporting analysis. We will be constantly adding new functionality, as well as enhancing the user experience of traditional TCA and also bringing some breakthrough analytical concepts to the industry with a complete focus on trading," commented Philippe Buhannic CEO. "This acquisition is indicative of our ambition in the analytics space and our determination to find new ways to work with our clients to improve the productivity and effectiveness of their trading irrespective of geography or asset class".

"As part of TradingScreen GSCS will be able to offer its clients more sophisticated services, comparison with a broader universe of global transactions, faster and more robust technological development and global consulting support," commented Robert Kay in a release. "Importantly, within TradingScreen, GSCS will continue to be able to offer clients truly independent analysis of their different brokers and a unique perspective based on decades of personal experience in transaction cost analysis."

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