Execution management system provider
FlexTrade has opened an office in Sydney and named Dan Enstedt as vice
president, business development for Australia and New Zealand.
The firm says that the proposed increases in superannuation
contributions will lead to an increase ...
FlexTrade Systems opened an office in Frankfurt,
Germany, in order to offer local sales and service to the company’s growing
German-speaking client base.
The new office will be in the same building as the
Frankfurt stock exchange.
“The initial ...
There’s a wave of change sweeping across non-equity markets driven by regulatory initiatives and the rise of non-bank liquidity providers. Other factors driving buy-side adoption of Transaction Cost Analysis (TCA) in FX are the need to generate alpha on investment returns, and regulatory scrutiny
of trading practices in over-the-counter (OTC) instruments.
TCA is a broad term which doesn’t describe the actual analysis to be carried out. Asset managers who rely on custodian banks to execute currency trades have a compliance obligation to analyze these FX trading costs.
By monitoring fill rates, TCA tools can help traders determine if ‘last look’ is occurring, and then decide whether or not to shift their trades to other venues.