Linedata to provide TCA via Ancerno

Source: Linedata

Linedata, the global solutions provider dedicated to the investment management and credit industry, today announced that Transaction Cost Analysis (TCA) provider Ancerno, Ltd., formerly part of Abel/Noser Corp., has joined its Liquidity Alliance Program. The partnership enables users of Linedata's award winning order management system, Linedata Longview, to access Ancerno's post-trade TCA solutions.

Linedata's Liquidity Alliance Program provides users of Linedata Longview with seamless access to liquidity pools across all asset types, as well as to providers of value added services that enable clients to enhance their trading performance. The program allows Linedata to bring multiple trading and liquidity destinations, as well as tools offered by trusted value added solutions providers, to the Linedata Longview trading desktop.

"Traditional and alternative investment managers are increasingly recognizing the value that TCA offers in terms of making more informed trading decisions," said Annie Morris, Managing Director North America for Linedata. "Our integration with Ancerno provides clients with seamless access to an established leader and innovator in the emerging field of TCA and enhances the functionality of Linedata Longview to meet the evolving demands of investment managers to leverage data-driven insights to trade more intelligently."

The integration with Ancerno provides users of Linedata Longview with post-trade analysis tools that allow clients to evaluate historical trading performance over a specified period of time. Traders, brokers, investment advisors and plan sponsors use Ancerno's post-trade analysis tools to compare costs, evaluate strategies and identify improvement opportunities. More than 500 global clients including plan sponsors, advisors, brokers, and consultants, currently use Ancerno's TCA services to improve their trading performance.

"Linedata Longview is among the most highly regarded trading systems in the industry and we look forward to serving its global client base through the Liquidity Alliance Program," said James Noser, President of Ancerno. "Our partnership with Linedata allows clients to more easily send their data to Ancerno and enables us to broaden the delivery of our innovative TCA solutions to a global network of leading investment managers."

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