FXall, the institutional electronic foreign exchange platform, has launched Execution Quality Analysis (EQA) reports, an advanced analysis tool that helps institutional traders to analyze their foreign exchange trading strategies and identify opportunities to improve performance.
EQA offers insight into forex investment decisions and execution strategies, and allows institutions to better understand how to achieve best execution goals by reviewing results achieved using the multiple execution mechanisms and liquidity providers available on FXall.
EQA reports provide a comprehensive summary of forex spot, forward and swap trades executed on FXall during a specified time period, enabling institutions to benchmark and evaluate their trading and execution performance.
Phil Weisberg, CEO FXall, says his firm developed EQA over the past 12 months in consultation with clients. The reports will help institutions meet execution goals and satisfy requirements around the evaluation and benchmarking of trading and execution performance, says Weisberg.
EQA reports provide detailed information about the most actively traded currency pairs, spreads by time of day, and response times by trade size and currency.
Additional performance assessments identify opportunities to net trades for increased process efficiency and cost savings, as well as a comparison of a firm's trading activity against the market high and low for the day. Institutions can also evaluate their execution performance in relation to a reference rate.
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