North American-based financial services provider BMO Capital Markets (BMO) has partnered with Trade Informatics to improve its transaction cost analysis (TCA) service with the addition of its Trading Analysis Program application.
The development means that BMO Capital Markets’ users will gain access to Trade Informatics’ post-trade data to assess execution performance against various benchmarks.
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Trade Informatics is a privately-held firm specializing in tools that help institutional investors improve their execution performance. New York-based TI’s software serves asset managers worldwide via an offering of multi-asset quantitative trading analytics, which aims to customize and align trading strategies with portfolio manager’s characteristics to optimize trading results.
Allan Goldstein, Chief Operating Officer of Trade Informatics, explained that the partnership will allow BMO’s traders to achieve greater execution quality backed by the Trading Analysis Program application, which offers comprehensive reporting, analyst support, consultative guidance, and ongoing performance monitoring.
David Porcelli, Co-Head of Global Trading at BMO Capital Markets, added: “Our focus is to gain a better understanding of our order flow, in a way that complements our existing offering across trading products. Trade Informatics will ultimately help our clients verify and understand the quality of their trades, enabling them to make better and more informed decisions.”
BMO Capital Markets, the investment and corporate banking arm of BMO Financial Group, is comprised of a team of nearly 100 professionals operating in eleven major hubs including London, Toronto, New York, Shanghai, Beijing and Hong Kong.