BestXStats Adds TCA Module to Platform

Traders Magazine Online News, November 15, 2019

John D’Antona Jr.

BestXstats has added a neew trade cost analysis component to its offering. 

The new TCA Module, stem from client demand and evolved as Best Execution practices have evolved from single transaction analysis surrounding price, to encompassing complex orders, Trading and Compliance professionals alike are seeking to extend their analysis through the use of TCA concepts.

BestXstats Transaction Cost Analysis (TCA) module provides an in-depth selection of benchmarks including:

• Volume Weighted Average Price (VWAP)
• Interval VWAP
• Implementation Shortfall (IS)
• Time Weighted Average Midpoint (TWAM)
• Open/Close Benchmarks
• Price Reversion Benchmarks
• Pre/Post Trade Analysis

Complementary statistics also provide a perspective on trading patterns, algo selection and broker differentiation

The TCA Module is fully customizable and allows the user to choose from a variety of filtering and grouping mechanisms to truly create a bespoke report, providing insight into order flow to assist with both trading performance and compliance.

For more information on related topics, visit the following channels:

• Commissions/TCA