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Transaction Cost Analysis Solution
Analyze trading performance, manage execution costs, and support best execution compliance with advanced trading analytics
Trading costs impacted by periods of volatility, fragmented liquidity, and evolving global regulations create ongoing challenges for execution oversight.
ACA’s Transaction Cost Analysis (TCA) solution provides firms with advanced analytics and reporting to optimize execution, reduce costs, and maintain regulatory preparedness.
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Smarter execution, lower costs, stronger compliance
Improve trade strategy and order routing
Leverage data-driven insights to refine execution algorithms and strengthen liquidity sourcing.
Increase cost transparency and efficiency
Identify explicit (commissions) and implicit costs (market impact, slippage) to enhance decision-making.
Enhance best execution compliance
Generate reports and benchmark performance against MiFID II, PRIIPs, SEC Rule 606(a), Liquidity Reporting, and other global mandates.
Generate audit-ready reports
Streamline best execution tracking and broker assessments with customized internal-use and regulatory reporting.
Add market context to your trade evaluation process
Integrate market data from most of the major vendors to eliminate blind spots and gain a unified view of execution quality.
Customize reporting to track your trading profile
Structure TCA using your unique data to create reports tailored to your firm and trading approach.

Looking to improve execution oversight and reduce trading costs?
Speak with an ACA professional to see how our Transaction Cost Analysis (TCA) Solution helps optimize trading performance, increase transparency, and support regulatory obligations.
How it works
Each stage of our TCA solution provides critical trade execution insights to enhance performance and ensure compliance.
- Aggregate and standardize execution data across equities, fixed income, FX, futures, and options.
Collect data seamlessly from all client trade data sources, including custodians and clients’ EMS and OMS providers.
Ensure data accuracy and consistency for reliable cost and performance analysis.
Measure execution performance using industry benchmarks like Volume Weighted Average Price (VWAP), Participation Weighted Price (PWP), and Arrival/Implementation Shortfall (IS).
- Compare trade results against an apples-to-apples institutional universe to refine execution strategies.
- Gain full transparency into explicit (commissions) and implicit (market impact, slippage) trading costs.
- Automate regulator-ready reports for MiFID II, PRIIPs, SEC Rule 606(a), Liquidity Reporting, and other global mandates.
- Customize flexible dashboards by asset class, venue, trading desk, strategy, and more for tailored insights.
- Export reports in multiple formats for audits and compliance reviews.
- Track execution trends and detect inefficiencies and anomalies.
- Enhance order routing and algorithmic execution strategies with advanced analytics.
- Apply data-driven insights to improve execution performance and reduce costs.
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