FXall launches advanced tool for institutional FX traders
FXall a leading executing venue for banks, ECN's and hedge fund clients has gone live with its EQA (Execution Quality Analysis) tool.
The product also known as Transaction Cost Analysis is widely used in the Equities space, post MIFID all regulated instruments must give Best Execution to clients and the pre and post trade reporting ensures the consistency of trades being reported.
The EQA is useful for traders who trade in spot, forwards and swap trades as it gives them a full outline fo execution times and the state of Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent .
A great tool for certain strategies traded using Algorithmic Trading where liquidity is the key decision to enter or exit a trade.
The EQA product reviews the results achieved using the execution mechanisms and Liquidity Providers Liquidity Providers A liquidity provider (LP) constitutes either individual and/or institution that functions as a market maker in a given asset class. Broadly speaking, liquidity providers will act as the both the buyer and seller of a particular asset, thus making a market. In the equities space, many stock exchanges rely on liquidity providers who make the commitment to provide liquidity in a given equity. These liquidity providers commit to providing liquidity in the hopes that they will be able to make a profi A liquidity provider (LP) constitutes either individual and/or institution that functions as a market maker in a given asset class. Broadly speaking, liquidity providers will act as the both the buyer and seller of a particular asset, thus making a market. In the equities space, many stock exchanges rely on liquidity providers who make the commitment to provide liquidity in a given equity. These liquidity providers commit to providing liquidity in the hopes that they will be able to make a profi available on FXall, providing a comprehensive summary of spot, forwards and swap trades executed during a given time period. It covers the most actively traded currency pairs, according to FXall's New York-based chief executive Phil Weisberg.
"We have been piloting this for some time with a select group of clients and getting their feedback, and we feel we have arrived at a standard set of reports, endorsed by clients, so we are ready to distribute it more widely," says Weisberg.
TCA in equity markets has been increasingly popular on buy-side trading desks in recent years as it enables traders to prove best execution. Although a number of providers have made efforts to extend their TCA offerings to FX, it is far more challenging to do TCA in FX than in equities.
Grab your latest copy of the Forex Magnates Retail Forex Industry Report.
FXall a leading executing venue for banks, ECN's and hedge fund clients has gone live with its EQA (Execution Quality Analysis) tool.
The product also known as Transaction Cost Analysis is widely used in the Equities space, post MIFID all regulated instruments must give Best Execution to clients and the pre and post trade reporting ensures the consistency of trades being reported.
The EQA is useful for traders who trade in spot, forwards and swap trades as it gives them a full outline fo execution times and the state of Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent .
A great tool for certain strategies traded using Algorithmic Trading where liquidity is the key decision to enter or exit a trade.
The EQA product reviews the results achieved using the execution mechanisms and Liquidity Providers Liquidity Providers A liquidity provider (LP) constitutes either individual and/or institution that functions as a market maker in a given asset class. Broadly speaking, liquidity providers will act as the both the buyer and seller of a particular asset, thus making a market. In the equities space, many stock exchanges rely on liquidity providers who make the commitment to provide liquidity in a given equity. These liquidity providers commit to providing liquidity in the hopes that they will be able to make a profi A liquidity provider (LP) constitutes either individual and/or institution that functions as a market maker in a given asset class. Broadly speaking, liquidity providers will act as the both the buyer and seller of a particular asset, thus making a market. In the equities space, many stock exchanges rely on liquidity providers who make the commitment to provide liquidity in a given equity. These liquidity providers commit to providing liquidity in the hopes that they will be able to make a profi available on FXall, providing a comprehensive summary of spot, forwards and swap trades executed during a given time period. It covers the most actively traded currency pairs, according to FXall's New York-based chief executive Phil Weisberg.
"We have been piloting this for some time with a select group of clients and getting their feedback, and we feel we have arrived at a standard set of reports, endorsed by clients, so we are ready to distribute it more widely," says Weisberg.
TCA in equity markets has been increasingly popular on buy-side trading desks in recent years as it enables traders to prove best execution. Although a number of providers have made efforts to extend their TCA offerings to FX, it is far more challenging to do TCA in FX than in equities.
Grab your latest copy of the Forex Magnates Retail Forex Industry Report.