ITG Introduces TCA for Foreign Exchange
First Published 25th April 2012
ITG launches transaction cost analysis tool for institutional FX market
New York - ITG, the agency broker and financial technology firm, has announced the launch of a transaction cost analysis product for the institutional foreign exchange market. Utilising data from ten providers including FX market makers, ECNs and banks, ITG TCA for FX measures transactions against tick-level traded rates, indicative rates, fixing rates and the forward rate curve.
"Foreign exchange is the largest and most liquid securities trading market, but it is also among the least transparent and most challenging to trade in," said Ian Domowitz, Head of ITG Analytics. "ITG TCA for FX combines the power of ITG's industry-leading equities TCA platform with an unmatched set of FX transaction data in order to measure performance, improve execution processes and quality and fulfill compliance requirements."