ConvergEx Enhances TCA Platform for Trade Transparency
Through the upgrade traders can now view details by multiple destination routes; shares sent filled and unfilled by route; the percentage of orders sent to each route; executions by each price point in the market; and they can view destinations by total.
Additionally, they can see how orders are performing from start to finish and it provides heat maps, tree maps and complete order charting.
"As the use of order types continue to grow and more execution venues enter the marketplace, traders need to be able to analyze the details of their trades as soon as they happen," says Scott Daspin, managing director in the global electronic execution group at ConvergEx, in a statement discussing the thinking that went behind this rollout.
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