Reports

FX Transaction Cost Analysis Providers:

Brave New World!

Research from Aite Group in its recent report, FX Transaction Cost Analysis Providers: Brave New World!, examines some of the key challenges faced by foreign exchange transaction cost analysis (FX TCA) providers and their customers.
Aite Group conducted a survey with a representative sample of buy-side FX TCA customers around the globe regarding their views on the quality of FX TCA tools available as well as the current state of the FX TCA industry. The overall quantity of data that must be analyzed for FX TCA seems to have increased substantially over the past few years, but the overall quality of that data has not necessarily followed suit. The survey data show that TCA will be immense in the FX space as asset management firms move from analyzing trades to incorporating that analysis in their trade management and alpha-generating processes.

Furthermore, market participants have a genuine demand to see real-time TCA data feeding back into their algorithms and electronic trading platforms for further fine-tuning purposes.More information is available at: http://www.aitegroup.com/report/fx-transaction-cost-analysis-providers-brave-new-world

FX Transaction Cost Analysis Providers:

Growth of in-house development of FX algos

Growth of in-house development of FX algos

Among those who use algorithms, the percentage of those using in-house developed algorithms and bank-provided algorithms both increased, especially on the buy-side. On the sell-side, the most used FX algorithmic functionalities are liquidity aggregating and VWAP, with half of sell-side respondents applying these two strategies. On the buy-side, the most used FX algorithms are floating and liquidity aggregation. More information is available here: http://www.tibco.com/multimedia/fx-trading-report-2014.pdf

Buyer's Guide:

Transaction Cost Analysis 2014

Transaction Cost Analysis 2014

Transaction Cost Analysis 2014 is the second of two GreySpark reports exploring TCA. It builds on the results of the first report, Transaction Cost Analysis 2014, that showed, based on a survey of buyside and sellside firms, over the coming three years TCA solutions will be increasingly adopted in the capital markets industry. Between 2014 and 2017, TCA solutions will increasingly be utilised across equities, FX, listed futures and options, and fixed income, and it will have pre-trade, real-time and post-trade analysis functionality. Traditionally, TCA solutions are broker-provided or built in-house. The solutions are analysed from the perspectives of available benchmarks and depth of functionality.

More information is available here: http://research.greyspark.com/2014/the-transaction-cost-analysis-buyers-guide-2014/

Research & Whitepapers

Algorithmic trading in the foreign exchange market

Algorithmic trading in the foreign exchange market

Maria Bergstein and Johannes Forss Sandahl

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Rise of the Machines: Algorithmic Trading in the Foreign Exchange Market

Rise of the Machines: Algorithmic Trading in the Foreign Exchange Market

Alain Chaboud - Benjamin Chiquoine - Erik Hjalmarsson and Clara Vega

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Spotlight on HFT in Asia Pacific

Spotlight on HFT in Asia Pacific

Compiled by Trading Architecture Asia

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