TS TCA and best execution

Data is the fuel of effective transaction cost analysis (TCA). Tracking execution performance from the moment an order is received, to when it reaches the market and after it is executed is the backdrop to TS TCA and Best Execution.

We are acutely aware that Fixed Income TCA is often a basic iteration of Equity TCA and profoundly fails to address the idiosyncrasies of Fixed Income.

At TS we aim to provide our TCA clients with a comprehensive array of their chosen data sources. We also have our own unique database of client user activity in TS DataLake. This consists of RFQs, dealer prices, axes and IoIs.

Finally the analysis we provide is via Tableau, a highly flexible and visaully engaging platform that can also be specifically configured to meet your precise needs.

Our existing TCA customers have remarked upon how they now have a heightened awareness of their execution performance and as a result have dramatically improved their execution workflows, trading desk efficiency and productivity. Who would have thought Fixed Income TCA could achieve this?

  • TS TCA is available as a stand-alone service or integrated into the TS TradeSmart FI EMS
  • TS Transaction Cost Analysis can be further enhanced and enriched by the abundant pre-trade data from TS DataLake.
  • TS Transaction Cost Analysis clients can further enhance their data content by selecting and integrating their existing data sources. 
  • Streamed best bid/best offer dealer and venue pricing, dealer and venue axes, most active dealers and filtered liquidity in related bonds provide regulatory evidence of best execution.
  • TS Transaction Cost Analysis tracks your execution performance from the moment you receive the order to your interaction with the market and finally your trade execution.
  • TS Transaction Cost Analysis includes a full package of reports and analytics to measure both trading desk and dealer execution performance.  

You can test TS Transaction Cost Analysis by simply sending TS a file of your transactions and we will respond with your results.