TCA plugs into the front office

 Looks great, but what am I supposed to do with it?" was a not uncommon initial reaction among investment managers following the development of more frequent and voluminous distribution of TCA data. As broker and third-party providers of TCA tools have increased their capacity to move from quarterly to monthly, weekly, daily and in some cases real-time reporting of TCA, so some buy-side firms have begun seeking ways to more actively integrate their TCA results into their trading strategies -