Standards multiply as FX TCA takes hold
So many tools, so few standards
The market for FX TCA services is growing more crowded, as new entrants line up to compete with the FX managers, prime brokers and electronic trading venues currently offering execution-quality assessment tools to their buy-side clients. While incumbent providers have typically provided execution-related services to pension funds as a free supplement to their core offering, the arrival of standalone vendors amid a series of legal challenges to custody banks over the quality of their FX execution
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