Demand from buy-side for FX TCA on the rise

A new report from Greenwich Associates has found that 60% of buy-side FX desks globally currently use TCA and that FX TCA use in Europe is slightly higher at 63%, compared to 56% in North America.

Demand from buy-side for FX TCA on the rise

A new report from Greenwich Associates has found that 60% of buy-side FX desks globally currently use TCA and that FX TCA use in Europe is slightly higher at 63%, compared to 56% in North America. The report: The State of Transaction Cost Analysis - 2019, notes that as global FX markets are already highly electronic, they lend themselves more naturally to TCA. Electronic time stamps, order types and execution venue data can all be captured seamlessly for analysis. But challenges include a lack of  a consolidated tape which can make it difficult to compare trade performance with every other trade in the market.