September 23, 2010

WallachBeth Capital LLC, an institutional brokerage firm, said it will use the Transaction Auditing Group’s (TAG) Transaction Cost Analysis to monitor execution quality in exchange –listed options and ETFs on behalf of their clients.

According to the broker, which specializes in listed options and ETFs, TAG’s advanced TCA will track WallachBeth’s substantial order flow and provide deep analysis with the firm’s in-depth market center comparisons.

WallachBeth’s direct access-trading system provides instantaneous routing and execution while simultaneously sweeping all market centers to ensure their client’s receive best execution.

TAG’s TCA collects data from a large variety of sources, creating an extensive and unique universe, according to the release. Using TAG’s TCA, WallachBeth will be able to view pertinent market data on a granular level relevant to each individual order, and can further customize and filter the results by any specific factor requested by the client.

WallachBeth has selected TAG’s sophisticated TCA because it is a highly comprehensive cost analysis weapon which demonstrates WallachBeth’s ability to navigate market fragmentation and enhance liquidity while minimizing slippage and market impact, according to the release.

“TAG’s easily accessed online desktop allows us to monitor the execution of orders and evidence the fact that our clients receive the best possible trade at a particular time,” stated David Beth, President and COOof WallachBeth, in the release. Using TAG’s advanced TCA, we are able to customize and filter results by any specific factor to meet our client’s individual requests. Our client’s satisfaction is of the utmost importance to us and being able to handle our client’s specific needs gives us a big advantage over competitors.”

Ivy is Editor-at-Large for Advanced Trading and Wall Street & Technology. Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in ...