Virtu Launches Transaction Cost Analysis for FX Algos

Virtu Financial, Inc. announced the expansion of its global TCA offering with the launch of a new analytics product dedicated to FX algorithmic execution. The new addition to Virtu’s FX TCA offering merges data from three distinct sources: Virtu’s market-making business, Virtu’s global, broker-neutral market impact model: FX Agency Cost Estimator (ACE) and direct connections to bank algo providers on behalf of clients that subscribe to the offering. This combination enables Virtu’s FX TCA for Algo clients to enhance their understanding of algo performance and compare FX algo providers and strategies to help improve their execution outcomes.