TORA, the leading provider of advanced trading technology and financial services, today announced a partnership with Markit to integrate Markit's pre and post trade transaction cost analysis (TCA) tools into its Execution and Order Management System.
TORA has integrated Markit’s TCA tools into Compass to allow clients to see pre-trade analytics in their order blotter. The data items available include the market impact cost estimate and the standard deviation of that estimate, which shows the expected cost of implementing the position.
TORA also has seamless integration with Markit’s post-trade TCA product, which means that client execution data can automatically be processed for further analysis.
Brad Hunt, managing director and head of information in Asia Pacific at Markit, said “The integration of Markit’s TCA tools with TORA’s trading solutions will help investors by providing them with greater insight for their trading decisions. Markit’s high quality pre- and post-trade analytics, combined with TORA’s state of the art trading and portfolio management technology, will help customers reduce trading costs and cumulative price impact as well as manage execution quality.” ###
“We are delighted to be able to extend our existing analytics with Markit’s market leading pre- trade estimates through TORA’s Compass Execution and Order Management system,” said Robert Dykes, CEO of TORA, “Our clients have always been concerned with the cost and performance of their executions and this gives them access to even more tools”.