[ I N D E P T H | T R A N S A C T I O N C O S T A N A L Y S I S ]
“ The principles are generally the same across asset classes – measure first , decide if there ' s some way to compare it to an alternative and decide if it ' s worthwhile to change the process to actually lower costs .”
KEVIN O ’ CONNOR , HEAD OF ANALYTICS AND WORKFLOW TECHNOLOGY AT VIRTU FINANCIAL
approach .”
Similarly , foreign exchange ( FX ) TCA can be argued to be less developed when compared to equities . However , it has grown from simply defining what was being measured , to now determining if there is something that can be applied differently to improve trading outcomes .
“ The principles are generally the same across asset classes – measure first , decide if there ' s some way to compare it to an alternative and decide if it ' s worthwhile to change the process to actually lower costs ,” says O ’ Connor .
Making trade analytics more actionable With growing amounts of available data , it brings into question how this is applied . Having data is only useful if it is then used to better inform trading decisions . TCA culminates knowledge of past outcomes and pushes it towards making a recommendation for how one can trade a specific order when a similar scenario comes about . “ There are some benchmarking
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