SunGard has launched an independent, real-time transaction cost analysis (TCA) solution for foreign exchange (FX) trading to help traders, corporate treasurers and portfolio managers understand the quality of their FX executions.
SunGard said that the FX TCA solution helps firms gain transparency over their FX trading by providing real-time FX pricing and transaction data on a customizable data analysis toolkit delivered in a software-as-a-service (SaaS) environment.
The absence of a central or regulated pricing venue is driving the need for FX pricing transparency for managing exposure and costs. As FX execution unbundles from custody arrangements, and trading continues to move from manual to electronic methods, more attention is being paid on monitoring the cost of execution, closing out positions intraday to drive real-time trading and hedging of FX risk, and utilizing TCA to evaluate performance while maintaining better control over pricing.
“Corporations, insurance companies, pension funds and asset managers know that the FX component of their trading performance is becoming more important to track and manage as investors seek alpha,” said Bob Santella, president, SunGard’s global trading business
“As an independent provider of pricing data and analysis not tied to a particular execution venue or pricing source, SunGard is able to focus on helping organisations gain real-time performance of trading activities while providing clients with the flexibility to maintain their current broker relationships.”
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