FIF MEMBER NEWS

BestXStats (BXS) Announces a New Enhancement to their Platform -- the TCA Module

As Best Execution practices have evolved from single transaction analysis surrounding price, to encompassing complex orders, Trading and Compliance professionals alike are seeking to extend their analysis through the use of TCA concepts.

Our Transaction Cost Analysis (TCA) module provides an in-depth selection of benchmarks including:

  • Volume Weighted Average Price (VWAP)
  • Interval VWAP
  • Implementation Shortfall (IS)
  • Time Weighted Average Midpoint (TWAM)
  • Open/Close Benchmarks
  • Price Reversion Benchmarks
  • Pre/Post Trade Analysis

Complementary statistics also provide a perspective on trading patterns, algo selection and broker differentiation.

The TCA Module has been added to our platform and shares with it our agile and user-friendly model. It is fully customizable and allows the user to choose from a variety of filtering and grouping mechanisms to truly create a bespoke report, providing insight into order flow to assist with both trading performance and compliance.


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