Financial

Thomson Reuters Global TCA

The trade execution process has grown increasingly complex and the costs associated with each transaction have become more intricate. It is essential to monitor and optimize execution quality to be competitive and to be compliant with regulatory obligations. Thomson Reuters Global TCA provides the solution you need.

With Thomson Reuters Global TCA, you can:

  • Validate if best execution was achieved on all your orders executed through brokers and other executing venues
  • Automatically identify any transactions that fail to meet your criteria in relation to any one of a number of industry standard best execution statistics (Implementation shortfall, VWAP shortfall, Interval VWAP shortfall, HLOC shortfall)
  • Analyse trading performance across competing brokers and trading venues
  • Measure trading performance by using peer to peer comparison on broker algos, sectors or trading desks to make informed trading decisions
  • Use the output by fund to conduct informed discussions with fund administrators to promote your performance with reference to this independent analysis

Why choose Thomson Reuters Global TCA?

  • Global Cross-Venue Coverage With access to Thomson Reuters’ world class market data content, Global TCA compares transactions against trade and pricing data from an extensive and growing set of global execution venues. Outside of the US there is no centrally disseminated consolidated tape, and so Global TCA derives its own consolidated pricing and trade data based upon sources selected by the customer.
  • Extensive TCA Benchmarks Global TCA supports a broad range of industry standard and custom TCA benchmarks, and we are fully transparent about our methods of calculation.
  • Low Cost of Ownership The service is centrally hosted and managed with zero incremental footprint at the client site. All relevant market data is sourced free of any end user fees; and our infrastructure is continuously and seamlessly expanded to accommodate ongoing
    market growth.
  • Neutrality Global TCA is independent of broker, execution venue and trading system and therefore provides a truly unbiased view of execution quality.
  • Ease of Implementation Global TCA includes “out of the box” adapters for processing clients’ order and execution details from numerous EMS, OMS and back office systems in the market.
  • Scalability Global TCA is fully automated from customer data sourcing through analysis and report generation & distribution. Our data processing is optimized to handle the largest data sets and at varying frequencies (daily, monthly, quarterly).

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