The agreement means BMO will have access to TI’s transaction cost analysis (TCA) tools to enhance the execution of algorithmic trades.
The partnership will allow BMO to measure and evaluate trade decisions with personalised systematic trading technology that is customised to match its clients’ investment processes, based on third-party analytics.
According to BMO, TI’s analytics platform will help it clients achieve greater execution quality backed by the trading analysis programme application, comprehensive reporting, analyst support, consultative guidance, and ongoing performance monitoring.
The decision to partner with TI comes as BMO looks to maximise trading alpha across institutional orders.
Allan Goldstein, COO at Trade Informatics, said: “Our partnership with BMO exemplifies how a standard performance measurement framework can serve to improve the quality of conversations between the sell-side and their buy-side customers.”
He added: “By partnering with a premier, independent trading data analysis provider, BMO is showing an extraordinary commitment to both its customers and its broader initiative, benefiting all market participants.”
David Porcelli, co-head of global trading at BMO, commented: “We are always looking for ways to improve trading performance for our clients. [...] TI will ultimately help our clients verify and understand the quality of their trades, enabling them to make better and more informed decisions.”