SunGard Launches Real-Time FX Transaction Cost Analysis Service for Hedge Fund Managers

As FX execution delinks from custody arrangements more attention is being paid on monitoring the cost of execution and utilizing

sungard valdiSunGard, a global provider of IT solutions to financial services firms, today launched an independent, real-time transaction cost analysis (TCA) solution for FX trading, saying it is aimed to help traders, corporate treasurers and portfolio managers understand the quality of their FX executions.

SunGard’s new FX TCA solution helps firms gain transparency over their FX trading by providing real-time FX pricing and transaction data on a customizable data analysis toolkit delivered in a software-as-a-service (SaaS) environment. The provider says the absence of a central pricing venue is driving its clients need for FX pricing transparency for managing exposure and costs.

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Howard Tai, senior analyst, commented: “With growing adoption of electronic FX trading, including algorithmic order routing, becoming an integral part of the daily workflows of real asset managers, hedge funds, and corporate treasury departments’ end-users alike, the resulting demand for FX TCA services of all types – post-trade, pre-trade, and real-time analysis – will continue to grow healthily into the foreseeable future.”

SunGard is very developed in Southeast Asia, connecting to a number of local stock exchanges (Singapore, Malaysia, Indonesia, Thailand and Philippines) as FX trading continues to move from manual to electronic methods in the region. With execution unbundling from custody arrangements more attention is being paid on monitoring the cost of execution, closing out positions intraday to drive real-time trading and hedging of FX risk, and utilizing TCA to evaluate performance while maintaining better control over pricing. SunGard’s FX TCA solution analyzes FX transactions and shows the relative performance of the customer’s FX trading activity.

Bob Santella, president of SunGard’s Global Trading business, said: “Corporations, insurance companies, pension funds and asset managers know that the FX component of their trading performance is becoming more important to track and manage as investors seek alpha. As an independent provider of pricing data and analysis not tied to a particular execution venue or pricing source, SunGard is able to focus on helping organizations gain real-time performance of trading activities while providing clients with the flexibility to maintain their current broker relationships.”

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