New Change FX rolls out TCA app
It's possible to compare algo performance, says company chief
New Change FX (NCFX) has launched a transaction cost analysis (TCA) tool that makes it possible to compare algo performance, analyse venue latency and obtain information on execution quality within milliseconds.
"If you have millisecond time-stamps, you are able to request corresponding reference data from NCFX without uploading your trade data on to our server, so keeping trade information protected," says Andy Woolmer, founder and chief executive of New Change FX.
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