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:

• up to 15 different timestamps per transaction to help analyze market impact
• competing quotes, and
• multiple funds allocation for each transaction.