OneMarketData RCM-X has gone live with their OneTick Transaction Cost Analysis (TCA) service.
RCM-X, the trading technology-focused affiliate of RCM Alternatives, has implemented OneTick TCA to enhance its execution algorithm suite, specifically in the global futures markets.
The TCA analysis offers flexibility to show orders and fill performance against a variety of price benchmarks by venue, industry, algorithm or sector.
OneTick TCA provides traders with information on costs, quality, and potential market impact. These analytics become actionable information at the point of trade.
Joe Signorelli, managing partner at RCM-X, said: “We’re thrilled to be working with OneMarketData to bolster our execution algorithm services. They have a phenomenal track record of providing technology solutions that are second-to-none.”
He added: “We believe that partnering with them through OneTick TCA will supplement the current services we provide to traders in helping them achieve their best execution goals. TCA allows us to analyse our clients’ algorithmic trade flow and provide suggestions to reduce implicit costs, such as slippage, that may otherwise go unaddressed.”
Ross Dubin, global head of sales at OneMarketData, commented: “We’re excited to welcome RCM-X as a partner on our OneTick TCA service. Together we can provide better context behind each transaction, and ultimately help traders fine-tune their strategies.”
He added: “We’ve continued to see an increased interest from customers in our TCA service simply because it can generate alpha by exposing, and ideally lowering, the cost at which you buy and sell.”
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