Transaction Cost Analysis (TCA)


Comparing the cost of individual executions with the entire fixed income trading marketplace is a major challenge—yet it’s vital for every transaction. How else can your customers know if you are supplying the most favorable pricing? And how can you effectively evaluate trader performance unless you have a complete—and completely current—view of the market?

The Effi business intelligence platform gives you the answers to these and other key questions with its Post-Trade Transaction Cost Analysis tool.

Getting precisely what you need

TCA employs BondWave’s industry-leading QTradesTM data to:

  • Quantitatively measure bid-ask spreads
  • Make associated “side-of-market” adjustments

With TCA, you will also benefit from BondWave’s proprietary QScoresTM data, which we believe delivers the most reliable, accurate analysis of comparable bonds available anywhere.

Learn more about BondWave’s Effi platform and our other industry-leading tools:

Contact us to schedule a demo.