UBS launches real-time transaction cost analysis

Source: UBS

The global Equities business of UBS today announced the launch of real-time Transaction Cost Analysis (TCA), which is now available via UBS Fusion, the firm's trading analytics platform.

Real-time TCA enables US clients to have continuous real-time analytics for their orders.

Post-trade analysis was previously sent to clients at the end of the trading session, day or month to help evaluate an algorithmic trading strategy's effectiveness. With the introduction of real-time execution and cost analysis, clients will have the opportunity to apply that information while there is still time to affect the order's outcome. UBS Fusion's real-time analytics continuously update while the orders are live -- allowing clients to monitor how orders are performing across all venues, including the Exchanges, alternative markets and dark pools.

"Traditional post-trade analysis tools were not well integrated into most clients' daily workflow and so could not add optimal value to trading decisions," said Will Sterling, Global Head of Direct Execution at UBS.

"Providing clients with real-time trade analysis will give them live, continuously updated information while orders are still active, enabling them to adjust their orders in the pursuit of better execution."

Available initially to clients based in the US, real-time TCA will be made available to global UBS clients later this year. UBS Fusion's platform of tools also includes pre-trade transaction cost analysis for single stock and portfolio trading, a suite of in-market tools including trading Alerts, and a wide array of downloadable reports and analysis tools.

UBS Direct Execution is the firm's global institutional electronic trading business. In addition to UBS Fusion, Direct Execution offers Direct Market Access (DMA), a suite of advanced Algorithmic Trading strategies, and an execution management system called UBS Pinpoint.

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