The Deutsche Börse has started a marketing campaign in Europe for its Xetra Transaction Cost Analysis (TCA) service, which launched in July. The service is already in use at several institutions in Germany, including Deutsche Asset Management.
The TCA reports provide institutional investors with insight into the execution quality of their orders on Xetra and help users to manage the total trading costs and risk of their portfolio.
TCA is based on the Xetra Liquidity Measure (XLM), which was i
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