Transaction cost analysis (TCA)
New Change FX offers mid-rate in NDFs, forwards and restricted currencies
Announcement comes ahead of implementation of Priips rules on January 1
FX Tape free until volumes hit $100bn a day, Galinov says
Data will be aggregated and slightly delayed
Northern Trust: algos give power to clients
The release of an FX algorithm suite in June ushered in a new era for the custody giant
Cürex launches pre-trade time-stamping
The new capability will allow Cürex’s customers to prove their compliance with Mifid II
RBC Capital Markets partners BestX for TCA
The Canadian bank is the latest FX dealer to sign up for the transaction cost analysis service
BNP Paribas partners BestX
The French bank is the latest FX dealer to sign up to the firm's TCA services
Deutsche Bank research says more is not always merrier
Increasing the number of LPs in an aggregated environment can harm execution quality
Citadel Securities partners BestX for TCA
The first non-bank market-maker to allow clients to evaluate execution quality via BestX
e-FX Awards: ITG – Best FX TCA Provider
The drive towards cross-asset best execution and workflow efficiencies helped the firm to victory
Northern Trust launches FX algo suite
The bank aims to deliver greater transparency and flexibility to clients
New Change FX to supply mid-rates to LCH’s ForexClear
The mid-rate will be used for determining underlying spot rates at the point of expiry for FX options
FCA publishes final Priips rules
“In calculating costs associated with FX, the arrival price must reflect a reasonable estimate of the consolidated price" – FCA
Ex-Blacktree founders launch TCA firm Tradefeedr
Balraj Bassi and Alexei Jiltsov who ran the Quantitative FX hedge fund for 6 years have now set up a FX analytics company
Greater adoption of TCA in FX expected – Greenwich Associates
Survey shows increasing use of algos and electronic venues will spur the development of transaction cost analysis
Buy side abandons ‘guessing’ execution outcomes
Weisberg: “I think the relevant question today is: am I doing that right, and how am I sure I am getting the best outcome?”
Buy side to boost trading desk technology spend – Greenwich
Survey shows a larger share of budgets is being spent on technology while compensation costs shrink
EC draft rejects single source data model for TCA
Under the proposed RTS for the EU’s Priips, financial firms will not be able to use a single source of data to compile transaction cost analysis
Most TCA false due to input data, says GreySpark
Transaction cost analysis results vary dramatically, depending on the data source and input used by the analytics provider
BestX signs JP Morgan and HSBC as TCA clients
FX analytics firm partners two major dealers for third-party transaction cost analysis
JP Morgan signs with BestX to offer third-party TCA
The bank's clients will be able to access BestX post-trade transaction cost analysis in real time at no extra cost
The search for efficiency will drive 2017
Regulation is not just a burden but an opportunity to streamline workflow, operations and execution processes, says ITG
Best execution requirements will drive market structure change
Understanding what best execution means will play a key role
Banks have huge opportunity to capitalise on balance sheets
Several banks have started to push into the currency management and overlay space to challenge incumbents
Compliance and risk aversion will dominate in 2017
The broker is building a set of next-generation solutions for customers less willing to tolerate risk amid cost pressures