Markit Builds Streaming Data TCA Tool
The near-real-time transaction cost analysis (TCA) tool is designed to capture all users' execution data by extracting it from their Fix communication networks. It then compares that execution data with the relevant market data prior to execution, before feeding it directly to clients via their own user interfaces. Generating those calculations while in the midst of a trade can help firms take advantage of demand and trade at a lower cost. The new tool will, according to Markit, allow users to
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