Buy side highlights TCA data issues – FX Week Europe
Panel divided on the best implementation of TCA
The use of transaction cost analysis (TCA) in foreign exchange markets is not a way of proving best execution for clients as there is still a significant amount of imperfect data, which can be misleading when making trading decisions, says Stephen Grady, head of dealing at Legal & General Asset Management (L&GAM).
Speaking alongside PGGM Investment's head of trading and execution, Patrick Fleur, at FX Week Europe in London on November 26, Grady was sceptical of the way some institutions are
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