TradingTech Insight Best Execution & TCA The latest content from across the platform

BestEx Research System Offers Continuous TCA Review to Reduce Implicit Costs

Former AQR trading chief Hitesh Mittal’s new BestEx Research Group has launched its multi-asset trading system with a strong emphasis on best execution and lower trading costs. The new platform features a back-testing platform, broker-neutral transaction cost analysis (TCA) and sophisticated execution algorithms, which will be made available to more than 500 fund managers via…

US SEC Seeks Fairer Market Data Access, Deeper Data in SIP Feeds

The US Securities and Exchange Commission (SEC) is calling for reforms that would level the playing field for access to market data. In a bid to narrow the differential between those with access to high-cost data feeds that contain a greater depth of information, and other investors in the marketplace, the SEC proposals would subject…

New FX Spot Benchmark Launched by Raidne to Fix Past Challenges

Outsourced trading services specialist Raidne has teamed up with New Change FX to launch a new foreign exchange fixing benchmark aimed at providing an alternative to the WM/Reuters (WMR) benchmark, which has been at the centre of ongoing manipulation allegations. The new Siren benchmark has been designed to reduce the risk of abuse that has…

IHS Markit Boosts TCA Service Down Under with Yieldbroker

IHS Markit is enriching the fixed income analytics within its Trade Cost Analysis (TCA) service by adding transaction data from the Yieldbroker electronic trading platform for Australian and New Zealand debt securities and derivatives. The move seeks to bolster IHS Markit’s best execution capabilities for the fixed income marketplace, for which sourcing robust data sets…

SteelEye Outlines International Expansion and Product Development Plans Following Series A funding of $10 Million

SteelEye will extend its presence in Europe, evolve its regulatory compliance and data analytics products, and expand its team after raising $10 million of Series A funding in a round led by Eight Roads, the proprietary investment firm backed by Fidelity, and including its existing investor Illuminate Financial. Looking two years out, the company is…