Post-Trade Transaction Cost Analysis (TCA)
Prove performance, reduce costs and strengthen best execution oversight with TT® Post-Trade TCA.
Benefits
Multi-Asset Transparency
Measure execution quality across all major asset classes with consistent, comparable analytics.
Drill-Down Trade Analysis
Understand results from the portfolio level down to individual fills to uncover timing, routing and cost drivers at a granular level.
Benchmark Performance
Compare results against the industry’s largest global peer universe with trillions in equities, fixed income, FX, futures and options.
Identify Improvement Opportunities
Detect patterns across brokers, venues, algorithms or strategies that may be adding avoidable cost.
Best Execution Governance
Meet regulatory and internal oversight requirements with transparent, defensible reporting tied to empirical benchmarks.
Validate Broker and Venue Decisions
Confirm whether routing choices align with best possible outcomes across liquidity conditions and market regimes.
Measure Strategy Effectiveness
Evaluate execution approaches, participation styles and algorithmic paths using thousands of performance signals.
Customize Reporting
Build, automate and share tailored reports for trading desks, clients, management and compliance teams, including on-demand or scheduled delivery.
Leverage Independent Expertise
Access analytics and guidance from TT’s team of subject matter experts, ensuring accurate interpretation.
Highlights
- Access thousands of built-in measures covering cost, timing, liquidity, routing, volatility and market context.
- Combine active and historical fills for continuous performance measurement during and after execution.
- Drill down to fill-level detail with interval VWAP, arrival price, spread capture, participation rates and cost decomposition.
- Access comprehensive global coverage and quantitative gain/loss estimates.
- Evaluate execution against composite or single benchmarks aligned to trading style and asset mix.
- Compare broker, venue and algorithm performance using consistent peer-calibrated benchmarks.
- Explore results through dynamic dashboards, drill-down visualizations, heat maps and pivot-style exports.
- Access detailed instrument-level data via symbol-level hyperlinks.
- Store all trade data, including critical market points and notes, in a secure, long-term repository for compliance and regulatory review.
- Rely on independent analytics with secure, permissioned access and anonymized peer data.
Multi-Asset Post-Trade TCA
Equities
Analyze trades down to the fill level, track execution quality and benchmark against peer performance.
Fixed Income
Measure transaction costs across bonds and rates instruments, evaluate strategies and compare results with peers.
Futures
Analyze and improve trading strategies with microsecond-level precision and depth-of-book metrics while measuring counterparty efficacy.
FX
Quantify trade execution, monitor slippage and benchmark against global peer data.
Options
Assess strategy efficiency, slippage and execution quality, comparing against historical and peer benchmarks.