ITG Launches Fixed Income TCA
July 17 2017 - 7:01AM
ITG (NYSE:ITG), a leading independent broker and financial
technology provider, today announced the expansion of its
award-winning transaction cost analysis (TCA) platform to the fixed
income market. ITG’s new fixed income TCA provides institutional
investors with execution insight to improve fund performance, meet
best execution requirements and comply with a range of upcoming
regulations including MiFID II and PRIIPs.
ITG’s fixed income TCA is built on a robust market data set of
more than 10 million daily quotes and trades, including ECN
executions, inter-dealer quotes and FINRA’s TRACE trade
information. As an independent fixed income TCA provider, ITG
aggregates market data and transactions from multiple, often
competitive sources, resulting in a deep data pool.
“Our fixed income TCA allows clients to aggregate and analyze
their transaction data no matter where they execute their trades,”
said Kevin O’Connor, global head of analytics products at ITG.
“This capability, along with flexible benchmarking, RFQ analysis
and robust reporting supported by our global client service model
differentiates us from existing offerings in the marketplace.”
Also commenting on the launch, Frank DiMarco, head of fixed
income analytics at ITG, noted, “Our clients who are engaged in
multi-strategy trading can use our product to see their true net
cost of trading to better evaluate their performance. The flexible
interface enables traders and compliance staff to identify, comment
on and manage outlier transactions.”
ITG’s fixed income TCA currently covers major global corporate
and sovereign bond markets, with bond futures and other debt asset
classes to be added in coming quarters. The new fixed income TCA
product is now available for post-trade analysis and reporting,
with pre-trade capabilities in development.
ITG is a leading global TCA provider and has the world’s largest
equity peer transaction database, covering approximately 20% of all
equity institutional trades. ITG TCA assesses trading performance
and implicit costs under a variety of market conditions, enabling
traders and portfolio managers to adjust strategies, reduce costs,
boost performance and potentially improve fund rankings. In
addition to equity and fixed income analysis, ITG also offers
TCA for FX, with the broadest set of data sources available in
the foreign exchange market. For more information about ITG’s
full analytics capabilities, please contact info@itg.com.
About ITGInvestment Technology Group (NYSE:ITG)
is a global financial technology company that helps leading brokers
and asset managers improve returns for investors around the world.
We empower traders to reduce the end-to-end cost of implementing
investments via liquidity, execution, analytics and workflow
technology solutions. ITG has offices in Asia Pacific, Europe and
North America and offers execution services in more than 50
countries. Please visit www.itg.com for more information.
ITG Media/Investor Contact:
J.T. Farley
(212) 444-6259
corpcomm@itg.com
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