As global markets evolve, pre and post-trade transaction cost analysis and execution analysis has to manage increasingly complex data sets at previously unmeasurable levels of granularity.
big xyt harvests, stores and normalises those global granular data sets, and with Open TCA, we provide the tools to interrogate them in order to estimate a client’s pre-trade costs, benchmark their trading when they executed, and calculate the cost when they did not.
Why do our clients
choose Open TCA?
As winners of A-Team’s TradingTech Insight Awards for Best TCA Tool 2021 and 2022, and The Trade’s Leaders in Trading Outstanding TCA Provider Award 2019, we’re known as one of the best TCA providers in the financial services community.
TCA is no longer just a box-ticking exercise. How are you ensuring you have the tools and processes to lead and monitor your best execution requirements?
Best Execution &
Benchmark trades to demonstrate execution quality and meet regulatory requirements. Spot outliers and identify fill level breaches based on client-specific policies.
Broker Evaluation &
Compare benchmark performance by broker and strategy. Review venue quality and access according to custom criteria.
Observe the impact of changes to strategy configuration over time and across brokers, driven by weighted empirical inputs balancing benchmark performance with other trade metrics.
Over 120 markets covered with the necessary history and granularity.
Our methodology is applied consistently to provide reliable and comparable results.
Embed Open TCA execution analytics into existing workflows – pre and post-trade.
Provide secure access to powerful (branded) visualisation tools for clients to interrogate themselves.
Convenient Access & Reporting
Benchmark results can be provided via a variety of delivery mechanisms including our API and unique web-based visualisation tools, along with file delivery including PDF and CSV. Schedule regular standard or bespoke client reports for internal and external stakeholders.
Client-order, parent-order, unfilled orders, custom benchmarks, white-label reports. Analysis by region, by country, by sector, by market capitalisation, by client, by fund, by venue, by broker, by strategy, by trader – it’s up to the user.