FXall, the world's leading institutional electronic foreign exchange platform, today announced the launch of Execution Quality Analysis (EQA) reports, an advanced analysis tool which helps institutional traders to analyse their FX trading strategies and identify opportunities to improve performance.
EQA offers insight into FX investment decisions and execution strategies and allows institutions to better understand how to achieve their best execution goals by reviewing results achieved using the multiple execution mechanisms and liquidity providers available on FXall. EQA reports provide a comprehensive summary of FX spot, forward, and swap trades executed on FXall during a specified time period, so that institutions can benchmark and evaluate their trading and execution performance.
Phil Weisberg, CEO of FXall, comments: "We have developed EQA over the past 12 months and in consultation with our clients. These reports help institutions to meet execution goals and satisfy requirements around the evaluation and benchmarking of trading and execution performance. As an execution partner, we are committed to helping our clients achieve best execution through an unrivalled choice of execution venues and liquidity providers."
EQA reports provide detailed information about the most actively traded currency pairs, spreads by time of day, and response times by trade size and currency. Additional performance assessments identify opportunities to net trades for increased process efficiency and cost savings, as well as a comparison of a firm's trading activity against the market high and low for the day. Institutions can also evaluate their execution performance in relation to a reference rate.