Transaction Cost Analysis Solution
Optimize 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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How it works
Each stage of our TCA solution provides critical trade execution insights to enhance performance and ensure compliance.
Trade data collection and standardization
- Aggregate and standardize execution data across equities, fixed income, FX, futures, and options.
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Collect data seamlessly from all client trade data sources, including custodians and clients’ EMS and OMS providers.
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Ensure data accuracy and consistency for reliable cost and performance analysis.
Execution quality and cost analysis
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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.
Compliance reporting and dashboards
- 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.
Trade monitoring and optimization
- 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.