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Independent TCA still a challenge in FX market

Independent TCA still a challenge in FX market

November 08, 2019
By PAUL GOLDEN

Implementation of FX transaction cost analysis (TCA) appears to have stalled, with the impracticality of conducting analysis across every available venue encouraging many parties to rely on venues or dealers to measure execution, despite concerns over transparency and impartiality.

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US RMBS: Is non-QM the new sub-prime?

US RMBS: Is non-QM the new sub-prime?

November 06, 2019
By LOUISE BOWMAN

The US private label RMBS market is set to surge if Fannie and Freddie stop guaranteeing higher debt-to-income mortgages in 2021, but eager investors should approach the sector with care.