Agency brokerage Abel/Noser Corp. launched a real-time transaction cost analysis platform that lets buyside traders view the cost to complete a trade at any time during the trade.
“With over 35 years of TCA experience Abel/Noser has the expertise necessary to provide institutional investors with real time trade costs,” Peter Weiler, an Abel/Noser sales executive said.
Abel/Noser already offers pre-trade and post-trade tools, the firm said in a statement.
With the new tool, institutional investors will be able to analyze their execution costs in real time. Real-time monitoring helps investors to better identify securities that are moving away from their benchmarks, according to the firm.
The software includes dynamically refreshed trade alerts and heat map visuals; pre-trade cost estimates derived from empirical data; cost-to-complete calculations; the ability to add to an existing or completed trade; fill level rolls ups and/or volume/participation indicators; pivot table view; and grouping and export functionality.
