Aite Matrix for Multi-Asset Class TCA Providers: Diamonds in the Rough

A plethora of macro forces has pushed the adoption of transaction cost analysis.

Boston, February 25, 2021Regulatory pressure, including the Markets in Financial Instruments Directive (MiFID II), and the need to quantify trading cost to achieve best execution have motivated the high adoption rates of TCA solutions by both buy-side and sell-side firms over the past few years. Most recently, the COVID-19 pandemic has accelerated the speed of electronification across all asset classes in an unprecedented trading environment. Meanwhile, the development and use of advanced technology for trading and analytics have also had an impact on TCA, exacerbated by 2020 market conditions.

Leveraging the Aite Matrix, a proprietary Aite Group vendor assessment framework, this Impact Report evaluates the overall competitive position of seven vendors, focusing on vendor stability, client strength, product features, and client services. This report profiles Abel Noser Solutions, BestX, Bloomberg LP, GTA Babelfish, IHS Markit, ISS LiquidMetrix, and Virtu Financial.

This 69-page Impact Report contains 15 figures and 16 tables. Clients of Aite Group’s Institutional Securities & Investments service can download this report, the corresponding charts, and the Executive Impact Deck.

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