Macgregor is to provide GSCS benchmarking data integrated with its order management system in an effort to help asset managers comply with demands for best execution measurement and reporting.
Under the agreement, the Macgregor Financial Trading Platform (MFTP) will provide integrated access to the GSCS Hypercube, which provides online, multi-benchmark transaction cost analysis. The firms have also agreed to collaborate on the development and integration of pre-trade analytics.
Kevin Milne, EVP International, at Macgregor says the combined solution will help clients to measure and report on best execution practices and compare portfolio manager, trader and broker performance across trading desks, countries, securities and industry benchmark statistics.
"Fund managers are under increasing pressure today from regulators and their clients to satisfy best execution requirements, and the practice of having consultants perform an analysis a couple times per year will no longer cut it," he says. "GSCS will help our clients identify those processes or people in the investment process that are either costing more than they should or under-performing."