Fidessa, the London-based trading technology, connectivity and data provider, has announced the publication of a new Execution Cost Analysis white paper: Building Profit from Analytics.
The study looks at how a real-time view of execution costs can give US brokers detailed information that enables them to improve margins, enhance profit and develop new business. Fidessa's ECA white paper examines scenarios in which cost analysis for individual traders and clients can reduce the more than 20 percent of commissions traders can spend on execution costs. It also explores how ECA can arm the buy side with data on how sell-side broker transactions break down.
As the paper suggests, calculating and analyzing execution costs is complicated by market fragmentation and "noise" from high-frequency trading, so the appropriate technology should be employed to calculate what percentage of the commission is being lost to execution costs, clearing fees, back-office ticket charges, and other explicit cost points.
The full white paper is available through the Fidessa website, www.fidessa.com, or by contacting [email protected]
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