Markit TCA available on Eze OMS

Source: Markit

Markit, a leading, global financial information services company, and Eze Software Group, a premier provider of global investment technology, today announced that Markit's Transaction Cost Analysis product is now available in Eze Software's award-winning order management system, the Eze OMS.

This integration provides buyside users of the Eze OMS with seamless access to Markit's TCA pre and post trade analytics tools.

Through this integration, Eze Software clients can leverage Markit's TCA product to view pre trade forecasts alongside their open orders in the Eze OMS trading blotter. Following the trade, the customer's data is automatically processed by Markit's TCA service to provide actionable trading insights that help reduce trading costs and identify liquidity.

Eze Software customers are able to access two important Markit pre trade estimates within the Eze OMS trading blotter. These forecast the market impact and estimated standard deviation of the planned trade to show the expected cost of implementing the position. Customers can subscribe to the full Markit pre and post trade product set directly in order to receive additional reporting and analysis.

Tim Sargent, managing director and head of equities at Markit, said: "The partnership means that customers will benefit from combining our world class trading analytics alongside Eze Software's industry leading trading solutions at the point of trade. In addition to the efficiency benefits this brings, customers will be able to act on trading insights to reduce their trading costs and manage the cumulative price impact of their most complex orders."

Chris Corvi, director of project management of the Eze OMS for Eze Software Group said: "At Eze Software, we are always looking for innovative ways to help our customers streamline their trading process, and we are excited to offer them access to an industry leading TCA solution via their Press release Eze OMS platform. This integration provides customers with high quality trading analytics and valuable insight into the impact of trades on the market to help them optimise trading decisions and reduce associated costs."

The Markit TCA service is hosted and delivered via a web based user interface. Additionally, pdf reports are delivered to customers via e-mail.

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