BMO Capital Markets turns to Trade Informatics for transaction cost analysis tools

Source: Trade Informatics

BMO Capital Markets (BMO), the investment and corporate banking arm of BMO Financial Group (NYSE:BMO)(TSX:BMO), today announced that it has partnered with Trade Informatics (TI), a leading provider of quantitative analytics and systematic trading solutions to institutional asset managers.

TI will provide BMO with transaction cost analysis (TCA) tools to help execute algorithmic trades with improved execution quality.

This partnership will allow BMO to measure and evaluate trade decisions with personalized systematic trading technology that is customized to match its clients’ investment processes and is based on comprehensive third party analytics.

“We are always looking for ways to improve trading performance for our clients,” said David Porcelli, Co-Head of Global Trading, BMO Capital Markets. “Our focus is to gain a better understanding of our order flow, in a way that complements our existing offering across trading products. Trade Informatics will ultimately help our clients verify and understand the quality of their trades, enabling them to make better and more informed decisions.”

“Our partnership with BMO exemplifies how a standard performance measurement framework can serve to improve the quality of conversations between the sell-side and their buy-side customers,” said Allan Goldstein, Chief Operating Officer of Trade Informatics. “By partnering with a premier, independent trading data analysis provider, BMO is showing an extraordinary commitment to both its customers and its broader initiative, benefiting all market participants.”

The decision to partner with TI comes as BMO looks to maximize trading alpha across institutional orders, while improving work flow and execution quality across the bank’s overall trading franchise. TI’s analytics platform will help BMO clients achieve greater execution quality backed by the Trading Analysis Program application, comprehensive reporting, analyst support, consultative guidance, and ongoing performance monitoring.  

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