ISS LiquidMetrix, a division of Institutional Shareholder Services, a provider of transaction cost analysis, execution quality and market surveillance tools, launched a new TCA product, LiquidMetrix 2.0, that re-imagines best execution analysis for today’s market structure and regulatory reporting needs.
According to the company, increased regulation, and the speed of technological change in financial markets over the last few years have led to increased complexity in market structure and trading. This has placed more emphasis than ever before on managing execution quality and cost transparency for both assets managers and their brokers.
LiquidMetrix 2.0 incorporates the latest in visualisation, analytical and data mining techniques, providing a set of tools capable of managing the best execution needs of buy and sellside clients globally.
LiquidMetrix 2. includes a wide range of features including a new web-based framework for measuring and analysing the interaction of trading strategies with markets to identify the sources of trading costs.
It has also enhanced the user experience by replacing rows and columns of data with interactive charting. New charts and other visualisations allow clients to quickly understand their transaction costs and to assess why some trading strategies are more cost effective than others.
In addition, it offers new analytical measurements including peer group and pre-trade cost estimates using new machine learning methodologies.
Mark Ford, LiquidMetrix General Manager said, “TCA 2.0 represents another innovative milestone for LiquidMetrix as we again provide an industry leading service that gives real value to clients in assessing trading performance.”