Institutional FX Advisory Partners (IFXAP) is partnering with ITG Analytics to bring the latter’s FX TCA product to middle-tier asset managers and pension funds in Europe.
The new consultancy service will review the complete FX transaction lifecycle to ensure an efficient and transparent process, and, the firms say, seek to minimise cost and risk and maximise portfolio performance.
The consultancy covers the entire FX trade lifecycle, including use of third-party trading platforms, data delivery and connectivity, assessment of pricing and service provided by FX dealers, evaluation of front and back office process efficiency, and monitoring of execution costs using ITG’s FX TCA.
For the lovers of total transparency among my readers there is good news on the horizon as I am told that the FastMatch sponsored Tape for FX is “one or two banks short of becoming a reality”. So with the project imminent, it's time to ask, is the Tape a good idea? I understand its value in an environment in which a product is traded across multiple venues in one centre but does the concept work in FX with its global, multi-jurisdictional and equally fragmented framework?