TradingScreen Launches Real Time TCA

Based on its SaaS-based model, TradingScreen is providing real-time TCA for multiple asset classes, including FX, to help traders control costs in a fragmented liquidity environment.

TradingScreen announced the launch of its real time transaction cost analysis (TCA) tools for multiple asset classes, including foreign exchange, based on its software-as-a service (SaaS) model.

The new functionality providers traders with graphical monitoring of executions for large orders, particularly when algorithms are used. According to TradingScreen, traders now have tools that help control costs in a trading environment with fragmented liquidity, as well as provide ability to manage adverse market moves in a single security or across whole asset classes. The new offering also includes ‘Tree Map’, a heat map representation of TCA-related data, the company said in its release.

“The introduction of these trader-optimized tools is a huge step forward in functionality, and will have an immediate positive impact on our clients’ trade performance,” comments Jon Fatica, Head of Analytics at TradingScreen, an independent provider of liquidity, trading and investment technology via SaaS. “Real-time TCA helps traders identify trading venues and strategies for efficient execution at the lowest possible cost. Also, as more and more traditional and alternative asset managers start trading across asset classes and geographies, this functionality will provide an early warning system for rapid, adverse market movements.”

“This new platform enables traders to have more control when faced with fragmented liquidity, resulting in more effective trading decisions,” stated Philippe Buhannic, the company’s CEO. “TradingScreen’s focus has always been multi-asset class, and we continually strive to add more actionable insights to our interface in the form of analytics. Our real-time TCA is a natural extension of these two strategies, and delivers unique value for our global client base.” The company is offering a video to show how TCA affects the buy side in a trading environment for securities like foreign exchange.

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