Best transaction cost analysis technology: ITG

Abstract

Much like algorithmic execution, transaction cost analysis (TCA) started life in the equity markets and has since become an increasingly popular tool with buy-side firms in the foreign exchange market. But both algo execution and TCA are somewhat more complex in FX than in equities, due to the volume of trading and the lack of centralised data. New York-based technology provider ITG wins this inaugural award for best TCA provider, having successfully adapted its experience in equities when it launched its FX product last year under the leadership of Jim Cochrane, director of analytics for FX TCA in New York.