Vhayu Debuts Real-Time TCA Module with EZX

Velocity TCA will allow high-frequency traders to customize the TCA benchmark results they receive, which could include reports delivered each day, or at user-defined intervals on VWAP and implementation shortfall-the difference between the price when an order was sent and the actual executed price.

The vendor developed the module with Springfield, NJ-based trading systems provider EZX, which is allowing Vhayu to white label and re-sell the FIX-compliant execution management system (EMS) of EZX's