Leading financial institution switches TCA provision to big xyt, enables development of next generation execution analysis

One of largest financial companies and a major provider of institutional banking, investment management and broker services. Long-standing experience of trading electronically in European equities, offering a market-leading suite of algo execution and analysis tools to its clients. The Challenge Although the client was already using a white-labelled transaction cost analysis (TCA) service from another vendor, as a highly sophisticated user of TCA data and analytics, the client required a more detailed understanding of its execution performance than its existing provider was able to deliver. Critically, the incumbent vendor was unable to provide the required levels of transparency on the underlying data and methodology used to generate its TCA reports.

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