Waters Rankings 2018: Best Transaction-Cost Analysis System Provider—Tradeweb Markets

Transaction-cost analysis (TCA), increasingly a function that capital markets firms are required to manage more accurately and transparently, thanks to the regulatory changes introduced primarily by the revised Markets in Financial Instruments Directive (Mifid II), might not necessarily set pulses racing, although it is nonetheless crucial. But as buy-side and sell-side firms grapple with ever more onerous and complex regulatory mandates, while similarly trying to provide their investors with