Virtu Financial has expanded its FX TCA offering with the addition of new high precision, low latency FX TCA benchmarks. FX TCA clients can utilize the new benchmarks for detailed analysis of algorithm execution performance and to measure the quality of liquidity. Virtu’s TCA products are offered through Virtu’s broker neutral, Workflow Technology and Analytics division.
“Our new FX benchmarks provide our FX TCA clients with access to Virtu’s unique FX market insight as a global multi-asset market maker. The enhanced time granularity and breadth of coverage provide a valuable tool to measure the quality of broker liquidity and the performance of algorithmic executions,” according to Kevin O’Connor, head of Virtu’s broker-neutral Analytics and Workflow Technology division.