Standards multiply as FX TCA takes hold

So many tools, so few standards

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The market for FX TCA services is growing more crowded, as new entrants line up to compete with the FX managers, prime brokers and electronic trading venues currently offering execution-quality assessment tools to their buy-side clients. While incumbent providers have typically provided execution-related services to pension funds as a free supplement to their core offering, the arrival of standalone vendors amid a series of legal challenges to custody banks over the quality of their FX execution

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