Transaction Cost Analysis 

Measuring Trader Alpha With TCA June 20, 2008 | Many firms are hesitant to measure trader performance using TCA, but Franklin Templeton is relying on a new benchmark to gauge trader 'value add.'

CA Cheuvreux Partners with InfoReach to Provide Access to European Algorithms
May 16, 2008 | Demand for European algorithms prompts CA Cheuvreux to join InfoReach's sell-side network.

Dark Algorithms Solving Fragmentation Issues
July 27, 2007 | Broker-dealers are coming out with all flavors of liquidity-seeking algorithms to search dark pools and ensure customers are finding hidden liquidity.

Transaction Cost Analysis Directory

This directory lists the major transaction cost analysis vendors, both independent and broker-dealer services. It provides a description of each service, explains how data is collected, how frequently the data is distributed, and more.

On this page a viewer will find a multitude of stories on transaction cost analysis or TCA, which is a process traders use to discover if their trades are being executed efficiently and at the best price—to meet best execution obligations. It is a way of analyzing a trade after the trade is completed—post trade analysis, and sometimes even before it has yet to be executed—pre-trade analysis. TCA is a way for firms to examine how they are meeting Regulation NMS (Reg NMS) requirements or best execution requirements. This page includes stories on how TCA is being used on Wall Street by both the buy side—asset management companies—and the sell side---broker-dealers. The page includes new trends in TCA, technology and formulas used to measure TCA , research and opinion stories on transaction cost analysis. It also includes a comprehensive directory which lists the major transaction cost analysis vendors, both independent and broker-dealer services. The directory provides a description of each service, explains how data is collected, how frequently the data is distributed, and more.