SunGard Creates TCA Solution for FX Trading
Product will help customers digest quality of FX executions.
Minor Huffman, SunGard's senior vice president of its FX trading business, tells Sell-Side Technology one the major reasons SunGard chose to develop an FX TCA solution was due to regulatory changes. With banks forced to remain compliant under Basel III, the amount of trading capital available to banks has been reduced.
This has allowed non-bank market makers to increase their market share, causing customers to take a closer look at trading costs.
According to Huffman, clients are looking for
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