Forex TCA heads into pre-trade sphere

Technology systems

Ensuring so-called best execution when trading electronically has always been a priority for buy-side traders desperate to prove to their own clients and managers that they got the best possible deal. The accepted mechanism for proving best execution is transaction cost analysis (TCA) and, while banks and technology vendors have been pitching post-trade TCA technology for some time, the next frontier is to offer pre-trade TCA so that traders can use the analysis to decide whether or not to execu

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