The buyside can now see where predatory traders are and avoid them in their quest to get best execution.
Trade Informatics, a New York-based provider of trading solutions, now offers asset managers TI Fact, an anti-gaming technology that helps them avoid predatory market practices via millisecond analysis of trade routing.
Via Trade Informatics’ framework, asset managers can hyper-measure, evaluate and analyze their trading history to identify deficiencies and take corrective action, driving implementation shortfall lower. And that makes for cheaper trading costs and better execution.
“TI Fact shines a light on millisecond level routing practices of any agent in an order,” said Matthew Celebuski, CEO of Trade Informatics. “We’re developing tools and products to level the information playing field while lowering costs for clients.”
Trade Informatics said that TI Fact goes one step further than traditional TCA, which the firm said simply provides a number to asset managers. TI Fact takes that numerical data and informs clients why and where they have trading deficiencies, offers recommendations to correct them and monitors performance to ensure implementation shortfall is minimized on an ongoing basis.
TI Fact is part of the firm’s suite of products that includes; Trade Analysis Program (TAP), a big-data platform that delivers cutting edge insights into client’s trading experience and provides performance attribution and compliance reporting across the entire trading and investment process; Strategic & Tactical Analytics Research and Trading (START), a broker-neutral set of trading engines that reduces costs, manages commissions and dis-intermediates your trade process from your brokers; and Performance Monitoring Program, a continuous feedback loop that analyzes portfolio manager and trader performance.