e-FX Awards: ITG – Best FX TCA Provider

The drive towards cross-asset best execution and workflow efficiencies helped the firm to victory

A hand measuring a gap with a ruler
Ruben Costa-Santos, head of FX at ITG

The search for efficiencies has driven a number of banks and buy-side market participants to integrate trading desks across asset classes on the execution side, as regulation pushes up the cost of doing business.

At the same time, regulation is forcing participants to adopt best execution practices and prove they have the right processes in place. While most of the impetus for such measures comes from Europe, ahead of the kick-in date for the second Markets in Financial Instruments Directive (M