10:41 AM
Ancerno Launches Web-based Pre-Trade TCA
Ancerno, a provider of transaction cost analysis (TCA) produces and services, has launched a Web-enabled version of its Trade Compass pre-trade analytics product.
Trade Compass provides a solution for estimating transaction costs, planning trading strategy and assessing execution risk.
In a company statement, James Noser, president of Ancerno, said, “We feel Trade Compass offers our customers greater accuracy and flexibility for pre-trade analysis. It lets customers use our experience benchmarks or other industry standard estimates and even to compare them side-by-side. This combination works extremely well as trading options increase and execution strategies become more complex.”
Trade Compass is the first phase in Ancerno’s strategic move to deliver its full line of TCA products and services over the Internet by early 2010. Ancerno is also making significant investments in its infrastructure to provide a scalable technology solution for its customers.