TCA products crowd the market in the wake of Mifid

Acting separately in spite of their imminent merger, Thomson Financial and Reuters are both now pitching TCA products to European financial institutions.

Thomson Transaction Analytics (TTA) has been available in the US for 10 years, but the vendor has now tweaked it for the European market.

Accessed via a web-based portal with all of the technology hosted at Thomson's data centre, TTA receives order and execution data on a post-trade basis and compares it against tick data to assess whether

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