Invesco implements OneTick for customized TCA
First Published 20th June 2012
OneTick to provide customized Transaction Cost Analysis for Invesco
Richard Chmiel, Senior Vice President, OneMarketData
"TCA is far too important for asset managers to outsource any more."
New York - OneMarketData, the founders of OneTick, have announced that Invesco has selected OneTick to perform customized transaction cost analysis (TCA) analytics on its executions. Invesco will use OneTick's analytical tools to build custom TCA models, run historical simulations and conduct quantitative research.
"Transaction cost analysis has long been an important part of our
investment process," said Kevin Cronin, Invesco's Global Head of
Equity Trading. "We wanted to increase both the level of
sophistication of our analysis and experiment with new
approaches. OneTick empowered us to take control of our TCA by
allowing us to customize our analyses and embed them into our
investment decisions with a quick, simple, and cost-effective
"TCA is far too important for asset managers to outsource any more. Across the industry, the trend for discerning asset managers is to bring TCA in-house so that customer models can be built and modified to suit their needs, particularly as markets continue to evolve," said Richard Chmiel, Senior Vice President at OneMarketData. "We are pleased to be working with Invesco to provide them with the tools required to understand, with precision, their execution quality."