TradingScreen, the provider of liquidity, trading and investment technology via SaaS, has partnered with Zeno Consulting, the trade cost analysis consulting firm for plan sponsors, mutual fund boards and other asset owners, to provide foreign exchange transaction cost analysis tools and services.
“This partnership is much more than just an extension of TradingScreen’s offering to a new group of customers and is timely given the ongoing scrutiny and efforts exercised by asset owners in assessing the true costs of trade executions, particularly in foreign exchange markets,” said Jon Fatica, Global Head of Analytics for TradingScreen. “This relationship gives plan sponsors insight into their foreign exchange transaction costs at a time when they are demanding greater transparency into investment practices for FX execution quality. Their review process should result in additional business being directed to dealers who are shown to produce best executions.”
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“When TradingScreen launched real-time, multi-asset class transaction cost analysis for the buy side, we immediately saw the potential of adapting this technology to the asset owner community,” said Steve Glass, President & CEO, Zeno Consulting Group. “By combining TradingScreen’s tools with our own analytics, data, insights, and relationships, we were able to create a powerful offering that can make a real difference to asset owners. We are very excited by the potential of this partnership to build transparency and reduce transaction costs for our clients.”