Who Should Pay for the New TCA?

tim-grant-benchmark-solutions
Tim Grant, Benchmark Solutions

The four members of TradeTech West's panel, "Moving Beyond TCA to Achieve True Transparency," were mostly on the same page when it came to the need for better and more widely used TCA. Pre-trade analysis is getting better, and fixed income, a laggard behind equities and foreign exchange (FX) is catching on. But when it came time to announce who should or would pay for advanced TCA, the four panelists gave not four, but five different answers.

Brian Lees, an application development manager at

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