Transaction cost analysis (TCA)
FX liquidity, volatility and the FIFA World Cup 2014
The World Cup was characterised by unusual volatility conditions, differences in the provision of liquidity and extremes in its cost, and even an apparent ignorance of a couple of short squeezes in the making
Buy side highlights TCA data issues – FX Week Europe
Trading heads at PGGM and Legal & General Asset Management debate the use of transaction cost analysis in foreign exchange
ITG launches new FX benchmark
Research and execution broker aims new reference price at portfolio managers and traders as the race to find alternative benchmarks heats up
FX needs mid-rate to solve benchmark issue
Comments come after ECB highlights shortfalls of available reference rates
ITG study finds fixing time "irrational and expensive"
ITG looked at eight currency pairs on Thomson Reuters Matching, one of the data sources for the now controversial WM/Reuters fix
Integral to roll out second-by-second FX benchmark rates
New product is to be introduced in January amid the international regulatory probe into alleged manipulation of the FX benchmarks by traders at top-tier banks
Pragma to roll out FX algos in Q4
Trading technology vendor is preparing to diversify into foreign exchange with an algo execution product that it believes will add value over bank offerings
Best transaction cost analysis technology: ITG
Investment Technology Group (ITG) takes the inaugural award for best FX TCA provider, having successfully leveraged its experience in the delivery of TCA in equities
Market divided over standardised approach to algo TCA
The difficulty of comparing transaction cost analysis results across algo products has led to calls for a standardised approach to TCA, but not all agree it is needed
Forex TCA heads into pre-trade sphere
Banks are increasingly offering pre-trade transaction cost analysis in an effort to help their clients better understand how to ensure best execution prior to committing to the trade. Kathy Alys reports
UBS readies regulation-focused FX algos
The Swiss bank will launch its first algorithmic FX trading tools early next year with smart order routing to help clients navigate regulatory change