Your complete TCA provider
Actionable real-time TCA with Quod’s multi-asset platform. Our real-time analytics solution enables you to monitor and analyse in-depth execution performance - with ML capabilities to convert TCA market outputs into practical changes in your OMS/EMS.
Pre-trade and Post-trade analysis
Quod Financial TCA (AEP) gives post-trade and instantly exploitable pre-trade analysis of executions for clients, traders and quants.
Accurate Data Capture
AEP TCA / Analytics manages the complexity of big data which is near or real-time for actionable decisions. The powerful dashboard is the best tool for monitoring your overall trading and understanding every single order execution:
Order by Order
- Order lifecycle in descriptive plain English audit trail
- Detailed and step-by-step decision- making process + Context of each decision (e.g. market snapshots)
- Attached relevant benchmarks, such as Slippage, Calculated VWAP and Spread-capture, to determine the execution performance
- Venue latency
- Venue hit ratio
- Rejection rate
- Spread / Spread capture
- Broker algorithm performance monitoring
- Venue toxicity
TCA / Best Execution Report
TCA / Best execution and Benchmarking are critical for regulatory reporting. Quod AEP uniquely provides the intelligence to immediately use analysis for real-time trading, as well as viewing overall execution performance.
- Receive benchmarks and 3rd party reference data
- Seamlessly integrate external and 3rd party information, both to provide report benchmarks, and also to export TCA data to other providers.
- Our persistent data store has full access to data via ITK, FIX and API.