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ICE to provide TCA for T. Rowe Price

First Published 2nd August 2017

T. Rowe Price selects ICE Data Services' best execution for enhanced fixed income transaction cost analysis

Lynn Martin, ICE Data Services

Lynn Martin, ICE Data Services

Atlanta and New York - Intercontinental Exchange has announced that T. Rowe Price will use ICE Data Services' Best Execution service to evaluate trade execution quality to support best execution and enhance its transaction cost analysis (TCA) for fixed income securities.

Best Execution leverages ICE's fixed income Continuous Evaluated Pricing (CEP) and offers a trade-by-trade measurement of execution quality relative to comparable market transactions. By quantifying trade execution quality versus comparable transactions, the independent metrics provided by Best Execution will enable T. Rowe Price to support compliance with global regulatory requirements and evaluate TCA across its trading desk in a compliant manner.

"Best Execution uses an innovative methodology that allows customers like T. Rowe Price to see how their trades stack up against comparable transactions and evaluate trade execution quality in the fixed-income markets," said ICE Data Services President and COO Lynn Martin. "As global regulatory regimes governing best execution change, our services such as Best Execution offer greater transparency and help meet customers' expanding risk management and reporting needs."