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Building out TCA reporting for fixed income improves execution quality, raising at the same time the level of service for end investors.
Unlike traditional asset management trading desks, we serve our internal wealth management and asset management clients while also offering our execution expertise to external portfolio managers. As such, we believe we owe it to them to have the metrics onhand. This is the reason why we have extended our transaction cost analysis (TCA) reporting from our equities trades, which we have been doing for years, to our fixed income trading desk.
Defining the challenge
the first...