OTAS Launches Real-Time TCA
Given that the engine performs in real time, it allows traders and portfolio managers to monitor the performance of their orders as they happen, in contrast to most TCA engines that operate overnight, or weeks after trade date.
"For years, trader performance has been measured at the end of the month by transaction cost analysis benchmarks like arrival price, volume-weighted average price and participation-weighted price," says Tom Doris, CEO at OTAS Technologies. "Now in an environment of increased regulatory scrutiny, more competition and relatively low returns on equities, real time TCA is becoming fundamental at buy-side firms to analyse the efficiency of their entire investment process."
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