Societe Generale has partnered with Tradefeedr to offer an additional source of independent TCA and FX algo analytics to clients, with the algos now featuring in Tradefeedr’s Pre-trade Algo Forecasting service. The move follows changes to the way the algo provider approached liquidity provision for its passive algos, reducing signalling risk and market impact despite increasingly challenging market liquidity conditions. Loïc Bourgeois, Head of EMEA eFIC Sales at Societe Generale, says, “Being able to offer our algo clients an additional source of fair and objective TCA to compare our algos performance against other bank algos is a massive game changer and helps us demonstrate how well we overcome these liquidity changes. We also increasingly see external TCA providers being used by clients to create their own algo wheels and support better algo allocation, whereas in the past they might have been using swap or spot market share to allocate their algo business and experienced disappointing results with this approach.”
