The product, TG TCA for FX, allows institutions to validate the impact of different foreign exchange trading strategies with benchmark data from FXall. It has been adapted for the over-the-counter foreign exchange market to provide transparency into an increasingly fragmented market. Multiple report options and an automated delivery process enable users to gain insight into how to select the most appropriate execution mechanisms, given their requirements and market liquidity.
Ian Domowitz, managing director at ITG, says: “ITG TCA for FX helps traders complete the trading process by measuring and comparing foreign exchange transaction costs with a comparable level of precision that is only available in the equity market.”
Phil Weisberg, CEO of FXall says: “We are pleased to be working with the leader in TCA to leverage their knowledge and provide an additional service to our clients. Through this agreement, we can now provide independent insight for institutions to make better trading decisions.”