Reuters Readies MiFID Tools

Reuters’ Transaction Cost Analysis (TCA) service will allow users to analyze order execution data to determine whether a firm’s best execution policy is achieving the best results. Reuters is also expanding its DataScope historical data service to include on-demand delivery of historical tick data to allow firms to perform their own TCA calculations.

The new services follow last week’s rollout of the .X Reuters Instrument Code (RIC), which allows users to view consolidated pan-European equity

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