FX Focus - Analysing potential

Transaction cost analysis (TCA) doesn't seem like the most thrilling phrase in the English language, but it is generating plenty of excitement in the FX market, as buy-side firms seek to make banks more accountable for trade pricing.

Some even believe that a more sophisticated approach to TCA could have saved the FX market from a lot of its recent troubles. "With the right level of sophistication, TCA could have potentially prevented benchmark fixing. If the market had had better analysis and co

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