RealTick expands TCA offering via Ancerno

First Published 10th January 2012

ConvergEx Group's RealTick® adds Ancerno solutions to TCA platform

Stuart Breslow, chief executive officer, ConvergEx’s RealTick

Stuart Breslow, chief executive officer, ConvergEx’s RealTick

"As traders face increasing demands for performance and profitability, TCA is no longer a luxury, but an integral part of trading and investment strategy."

ConvergEx Group has announced that RealTick®, its execution platform, has partnered with Ancerno Ltd, an Abel & Noser company, to offer Ancerno's transaction cost analytics (TCA) software and execution consulting services to RealTick's customers. Ancerno specializes in providing independent, broker-neutral TCA products and technologies.

The agreement aims to expand the RealTick TCA product suite and add comprehensive pre- and post-trade analytics. These services include options for a basic compliance product; a full-featured software only product; and a complete end-to-end package that includes software and access to Ancerno's execution consulting service.

"As traders face increasing demands for performance and profitability, TCA is no longer a luxury, but an integral part of trading and investment strategy," said Stuart Breslow, chief executive officer of ConvergEx's RealTick. "Ancerno's reputation for quality is second to none and their level of service meets the high standards that our customers have come to expect."

"With over 130 pre-set measures, Ancerno's web-based trading analytics covers the full trading cycle, from portfolio manager, to trader, to execution venue," said James Noser, president of Ancerno. "With this agreement RealTick customers can make even more informed execution decisions."

"Ancerno's flexible and highly customizable nature allows customers to slice and dice data to analyze strategies, investigate outliers, evaluate venues and measure performance from multiple views," said Daniel Rooney, president of ConvergEx's RealTick. "Ancerno's deep trade universe helps customers perform meaningful peer analysis and comparisons, which is increasingly essential to evaluate trading effectiveness."

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