Transaction Cost Analytics

Over 150 industry recognized execution, benchmark and performance analytics and growing daily
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Solution Benefits

An extensible and highly customizable suite of TCA analytics that can be calibrated to your specific requirements.

Retain ownership and control of your capital markets data and benefit from a turnkey analytics library deployed on our platform.

Available as a real time, intraday, or end of day batch solution offering.

Granular level permissions enabling administrators to securely configure and distribute TCA data to their internal stakeholders and external clients.

How Does it Work?

01 | Ingest

Consolidate your firm’s private trade data along with a market data feed. Complement this data with reference data on trader & customer lists, security master files and trade allocation data. The platform can load all your files and/or feeds via real time connections, intraday file transfers, end of day batch files or on-demand.

02 | Wrangle

To make your data usable files and market data feeds are normalized to common formats. Varying market data events by exchange are also standardize into a single unified data schema.

03 | Derive

Generation of over 150 execution, performance and benchmark metrics for pre-trade, intra-trade and post-trade TCA. Analytics in near real time or as end of day reports. Analytics and reports that can be calibrated to your firms, or your client’s specifications.

04 | Monitor

Optimize cloud infrastructure. Apply data quality algorithms to detect anomalies or missing data in the normalized datasets and their derived analytics.

05 | Entitle

Fully control your end user access to all of your data with role and attribute based permissioning.

06 | Distribute

Access all of your firm’s original data and derived TCA data via a web portal, web api, JDBC/ODBC and or REST API.​

Solution Users

Sell-Side Firms

Assess trader and algorithm performance for your execution services and adjust execution in near real time.

Compliance Departments

Attest to best execution on all orders and satisfy MIFID II regulatory obligations for RTS 27 & 28.

Buy-Side Firms

Access all underlying order and market data during execution interval in addition to daily performance metrics.

Account Managers

As a value added product to your buy-side clients atop your firm’s execution services.