UBS launches real-time cost analysis for European clients

UBS launches real-time cost analysis for European clients

Swiss bank UBS has launched a real-time transaction cost analysis tool enabling European clients to monitor how their trades are doing while there is still time to affect the order's outcome.

The real-time TCA tool is available via UBS Fusion, the firm's equity trading analytics platform, and enables clients to have live, continuous analysis of their orders while they are still executing.

UBS Fusion's real-time analytics continuously update while the orders are live - allowing clients to monitor best execution across all venues, including the exchanges, and alternative pools of liquidity.

"Since post-trade analysis is, by definition, the assessment of past performance, it cannot add optimal value to dynamic trading decisions," says Phil Allison, head of European equities trading execution at UBS. "Giving our clients real-time TCA while their orders are still active, means they are able to monitor and react before the order completes - making it a valuable decision-making tool for traders."

Real-time TCA was launched to clients in the US in September 2008.

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