TMCnet News
TAG Preps First Comprehensive Market Quality Assessment Report for Canadian Equities MarketsNEW YORK --(Business Wire)-- TAG, a pioneering global provider of independent execution quality and transaction cost analysis metrics for the buyside and the sellside, today announced that it is developing the first comprehensive market quality assessment report for the Canadian equities markets. The report is anticipated to be launched in the second quarter of 2011. It will enable both exchanges and trading firms to access TAG's extensive library of market performance metrics to conduct highly customized market quality evaluations, based on the individual user's specific need. In addition to tracking liquidity fragmentation across the Canadian equities markets, TAG's market quality report will evaluate each market and provide a full set of metrics measuring depth of book liquidity, spread analysis, participation rate and volume size at best bid and offer, price improvement performance, market impact on execution, among other aspects of market. The launch of TAG's Canadian Market Quality Report follows a period of swift and significant liquidity fragmentation and the subsequent increased use of automated order routing and execution technology by Canadian exchanges and trading firms. "The need to evaluate market performance is a natural progression for any trading community that has undergone the level of increased complexity that the Canadian market has undergone in the last several years," said Roger Post, Executive Vice President at TAG. "Canada is continuing to fllowing the same pattern we've seen in the US and European markets, and we anticipate that as liquidity fragmentation continues and market data volumes increase, the demand for both market performance evaluation tools and TCA that measures broker performance will rapidly increase." About Transaction Auditing Group (www.tagaudit.com): TAG is the pioneering provider of independent execution quality and transaction cost analysis for the buyside, sellside and exchange community. Founded in 1996, TAG quickly set the industry standard with its seminal TAG Report, which is broadly considered to be the original industry benchmark for measuring trade performance. Since its inception, TAG has developed innovative and powerful customer-based execution analysis reporting tools built on a pure and direct-feed data universe that renders fully customizable and easy to read performance measurements that go beyond standard benchmarks to identify strategy-specific performance and where improvements can be made. Providing analytics built on the proprietary TAG IQ Engine, TAG enables traders, exchanges and alternative markets to take control of trading costs, best execution, market fragmentation, and regulatory obligation in an increasingly complex global marketplace. Identify the total cost of execution through standard benchmark, enhanced benchmark and trader-defined performance metrics Optimize routing and execution strategies based on the execution performance at the exchange and alternative trading venue level. TAG Trading Compliance Analysis A complete Reg NMS and MiFID compliance analysis providing an independent report on trader and exchange best execution performance for client orders. |
