Markit (Nasdaq: MRKT), a leading global provider of financial information services, today announced that it has integrated its transaction cost analysis (TCA) data into FlexTrade’s FlexTRADER EMS platform, a multi-asset portfolio and single security trading system.
FlexTRADER EMS provides customers with seamless access to Markit’s TCA data. FlexTrade customers are able to collect Markit’s basic pre-trade data via FlexTRADER EMS, while mutual customers of Markit and FlexTrade will also have access to enhanced pre-trade data and in depth post-trade analysis reports on a T+1 basis through Markit’s website.
Andy Mahoney, head of Business Development at FlexTrade, said: “We are delighted to announce our partnership with Markit, offering expanded TCA datasets and comprehensive post-trade analysis. We’ve implemented this in response to significant demand from our customers. This integration with Markit’s TCA data further supports our strategy of offering open-architecture broker-agnostic solutions for the buyside.”
Michael Aldridge, global head of Trading Services at Markit, said: “We are excited to streamline the TCA data process for FlexTrade and Markit customers through this new integration. Our TCA reports help customers manage performance-based order routing and optimal trade strategy selection by delivering forecasts of estimated market impact, trade risk, peer comparison data and other metrics.”
Markit TCA is an independent, multi-asset global analysis platform that combines execution, algorithmic, venue and smart order router evaluation analytics. The service provides actionable insight to brokers and asset managers to enhance and synchronise their trading related execution quality management, compliance and management reporting capabilities.