Markit and Eze Software Group, a provider of global investment technology, have integrated Markit’s Transaction Cost Analysis product into Eze Software’s order management system.
Through the integration, Eze Software clients can use Markit’s TCA product to view pre-trade forecasts alongside their open orders in the Eze OMS trading blotter.
Following the trade, the customer’s data is automatically processed by Markit’s TCA service to provide actionable trading insights that help reduce trading costs and identify liquidity.
Eze Software customers are able to access two Markit pre-trade estimates within the Eze OMS trading blotter. These forecast the market impact and estimated standard deviation of the planned trade to show the expected cost of implementing the position.
Customers can subscribe to the full Markit pre- and post-trade product set directly in order to receive additional reporting and analysis.
Tim Sargent, managing director and head of equities at Markit, said: "In addition to the efficiency benefits this brings, customers will be able to act on trading insights to reduce their trading costs and manage the cumulative price impact of their most complex orders.”
Chris Corvi, a director of project management at Eze Software, said: “This integration provides customers with high quality trading analytics and valuable insight into the impact of trades on the market to help them optimise trading decisions and reduce associated costs.”
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