Vhayu Launches Real-Time TCA

Velocity TCA lets users keep track of their algorithms' performance and generate real-time transaction costs analysis (TCA) reports, says John Coulter, vice president of corporate strategy for Vhayu. The reports can then aid a trader in making decisions based on the strategy's performance, Coulter adds.

To create the technology, Vhayu partnered with Springfield, N.J.-based execution management system (EMS) and FIX technology services provider EZX. The two vendors' technology teams worked to

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