TradingScreen launches TCA Consulting Services
First Published Tuesday, 13th July 2010 from Automated Trader : EMS News
TradingScreen launches post-trade Transaction Cost Consulting Service
Philippe Buhannic CEO, TradingScreen: "TradingScreen has developed a cost-effective solution that can help analyse trading results and propose different execution approaches."
TradingScreen Inc, the provider of multi-broker and multi-asset class execution management system (EMS) to the Buy Side, has announced the launch of its post-trade Transaction Cost Consulting Service.
The new Consulting Service supplements TradingScreen's multi-asset class transaction cost analysis data with a proprietary range of analytical tools and a face-to-face consulting capability.
"For many clients, especially those with small trading desks, the amount of resources that can be spared for transaction cost analysis is normally limited. TradingScreen has developed a cost-effective solution that can help analyse trading results and propose different execution approaches. This advice is broker neutral, completely unconflicted and leverages one of the largest trade databases in the world." commented Philippe Buhannic CEO of TradingScreen.
TradingScreen aims to translate its best of breed philosophy to its Consulting Services offering. By following a flexible approach clients will be able to incorporate external data, methodologies and output data to 3rd parties. "Just as clients have preferred brokers, they may have preferred consultants or be interested in proprietary tools offered by others" said Robert Kay, Head of Analytics at TradingScreen. "Our transaction cost data offers benchmarks, parameters and filters across all brokers to a common standard and measurement methodology. If clients want that data provided to their preferred consultants outside TradingScreen, we will accommodate that" he added.