ITG Ventures into FX TCA
The new service offering captures and reports on a portion of the actual quoted and traded order flow, so comparisons may now be made, including the use of restrictions to limit analysis to just similar order sizes, says Jon Fatica, managing director in the analytic products and research group at ITG.
The service's analysis highlights the "slippage" from the time a buy-side participant requests a quote until the counterparty provides that quote. "For more risky deals or illiquid currency pairs
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