Maximize Efficiency and Alpha with Advanced Trade Analytics

Maximize trading efficiency and alpha, reduce costs and help demonstrate Best Execution with our real-time TCA solution. Harness our comprehensive cross-product trading data and unrivalled composites to uncover actionable insights and enhance your trading strategies.

Key Features of Our Newly Enhanced TCA Solution

Web-based solution
API: analyze transactions programmatically
Off-platform upload
Customizable cost analysis / Advanced filtering
Peer analysis
Dealer vs. cover
Company or desk level analysis
Portfolio trading
Fund level TCA
Reporting automation
Best Execution / Outliers management
Access to raw or summarized data

Precise Data to Drive Strategies

Real-time composite across bonds, derivatives and ETFs derived from market activity on the Tradeweb platform
Live bond pricing engine for U.S. Cash Credit and Municipal Bonds (Ai-Price)
Verified execution within peer analysis

Maximize Your Trading Performance

TCA delivers a precise time-stamped reference on a comprehensive data set of executed trades. Data can be summarized across up to two dimensions by over two dozen features, including:

Protocol
Time of Day
Size of Trade
Counterparty

Transaction Cost

Measure quality of execution as a proportion of bid/offer spread captured, as well as in cash and in basis point and cash terms. Each metric can be weighted on a volume, risk or trade basis.

Trading activity can be analyzed allowing you to review your market impact and timing against:

Tradeweb composite bid/offer or mid
Time of trade execution; Start of inquiry (PRIIPS compliance); Previous close, Open and/or Market close
Up to 15 custom time stamps via API

Peer Analysis

Get a unique perspective and insight to help adapt your trading strategies. View your trading performance compared to overall activity on the Tradeweb platform using the percentage of the bid/offer spread metric. On demand, contextualize your performance in general, as well as drill down to details on specific days to provide added colour on overall market conditions during trades.

Best Execution Monitor

A standardized, all-in-one, compliance hub to help easily manage best execution monitoring and reporting on an ad-hoc or automated basis. Rules matching your Best Execution policies can be setup by asset class to identify outliers. Comments can be added to outliers in order to create an audit trail. Quickly see the impact of individual trades on TCA.

Dealer vs. Cover

Analyze how competitive winning dealers were compared to second best quotes. See which dealers and in what sectors, trade sizes, maturities, etc., you are receiving more aggressive pricing from, or see how competitive dealers are in general for a given market segment, protocol, etc.

Comprehensive Trading Coverage via TCA API

View all of your trading activity in one place by loading voice and electronic trades onto our platform via the TCA API. Benchmark all your fixed income trades, regardless of where they are done, against the Tradeweb composite. Get a holistic view of your transaction costs from a single location.

Coverage across products traded on the Tradeweb platform and supports: