Eze Software Group, the investment technology firm, announced that it is incorporating Markits Transaction Cost Analysis product into its order management system, the Eze OMS. This integration provides buyside traders who use the Eze Castle OMS with access to Markits TCA pre and post-trade analytics tools.
Traders who use the Eze OMS will now be able to view pre-trade forecasts alongside their open orders in the trading blotter. Following the trade, the customers data will be processed by Markits TCA service to provide trading insights that help reduce trading costs and identify liquidity, according to a joint Eze Castle and Markit press statement.
[Traders Tech: Buyside and sellside set to increase usage of cloud-based services.]
According to the press statement, buyside traders may access two Markit pre-trade estimates within the Eze OMS trading blotter. These recommendations will measure the market impact and estimated standard deviation of the planned trade to show the expected cost of implementing the position.
“In addition to the efficiency benefits this brings, customers will be able to act on trading insights to reduce their trading costs and manage the cumulative price impact of their most complex orders, said Tim Sargent, managing director and head of equities at Markit.
This integration provides customers with high quality trading analytics and valuable insight into the impact of trades on the market to help them optimise trading decisions and reduce associated costs, said Chris Corvi, director of project management of the Eze OMS for Eze Software Group said:
The Markit TCA service is hosted and delivered via a web browser and traders can also receive pdf reports via e-mail as well.
