UK-based data provider Markit has announced the integration of its Transaction Cost Analysis (TCA) product into Eze Software’s order management system (OMS) to provide users of its Eze OMS with a seamless access to pre- and post-trade analytics.
Markit's TCA product provides Eze Software customers with two pre-trade estimates—market impact and estimated standard deviation of the planned trade, exposing the expected cost of implementing the position—to view alongside open orders in the Eze OMS trading blotter. Post-trade data is automatically processed by Markit to calculate insight to help reduce associated costs and identify liquditiy.
"The partnership means that customers will benefit from combining our world class trading analytics alongside Eze Software's industry leading trading solutions at the point of trade," says Tim Sargent, managing director and head of equities at Markit. "In addition to the efficiency benefits this brings, customers will be able to act on trading insights to reduce their trading costs and manage the cumulative price impact of their most complex orders."
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