TT^® Connect Blog

Transaction cost analysis (TCA) is well established in equity and fixed income markets. Following TT’s acquisition of Abel Noser Solutions in 2023, a big part of our data and analytics strategy has been to bring TCA to other asset classes, including futures. In April of this year, Bowmoor Capital was among the first clients to deploy TT Futures TCA to inform their trade execution and algorithmic trading strategies and ensure they are achieving best execution. I recently spoke with Brendan Mulvany, Head of Trading at Bowmoor Capital, about his career in futures trading and the value of TCA. 

I’ve had a busy year. My role at Trading Technologies has recently expanded from overseeing just Australia and New Zealand to the entire Asia-Pacific region, and I’m incredibly excited about the opportunities ahead. It’s a chance to truly shape our presence across a diverse set of markets—from our established offices in Australia, Japan, Singapore and Hong Kong to the many other markets with their own unique cultures, infrastructure and regulatory nuances.

It’s a busy time for TT in India. Next week, we’re sponsoring the Arjun Global GIFT City Financial Markets & Technology Forum, and then we’ll be in Mumbai at FOW Trading India. This comes as we work on opening our new office in the vibrant GIFT City fintech hub, where we will drive product innovation and development for our clients worldwide—while also providing local, personalized support to our rapidly growing customer base here in GIFT City. 

For years, spoofing has dominated headlines as the quintessential market manipulation tactic. But recent, high-profile regulatory actions from two major global watchdogs, the Australian Securities and Investments Commission (ASIC) and the Securities and Exchange Board of India (SEBI), signal a powerful shift. The focus is expanding, and an old form of manipulation is making a dramatic comeback: marking the close.

Data and analytics is an important part of the TT strategy–TT acquired Abel Noser Solutions, the leader in multi-asset transaction cost analysis (TCA) solutions, in 2023. As other TCA providers exit the space, we are doubling down and increasing innovation while expanding our technology platform.