Fidessa, a provider of trading, investment management and information solutions for the world’s financial community, has rolled out the Execution Cost Analysis (ECA) functionality for its U.S. trading platform. The new feature will allow U.S. brokers to improve the profitability of their execution strategies and strengthen their buy-side client relationships.
The firm’s ECA solution comprises a cost-tracking engine that provides traders with real-time analysis of the exact costs of executing each order without affecting execution performance. The feature calculates, categorizes and aggregates spending per trader by share and venue as well as tracks the profit margins for each client by share and by venue.
Click here for the release from Fidessa.