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?