Transparency and accountability are powerful concepts in all aspects of life. In financial markets it is vital to uphold these principles to monitor how well algorithms are performing along with researching post trade data to look for patterns that may lead to superior alpha capture.

Itarle is a data driven company and therefore Transaction Cost Analysis (TCA) is at the heart of its ongoing Research and Development program. Core microstructure research, back testing, live monitoring and post trade transaction costs analysis is a crucial service to ensure that Itarle remains a leader in best execution.

Alpha has always been a scarce commodity. More so over the past 10 years due to increasing computer power, access to large data sets and increasing demand from growing assets under management.

To ‘lock in’ alpha you need to be able to reduce the impact cost. This typically involves segmenting a large order into a sequence of smaller orders. These techniques have come to be known as ‘Best Execution Algorithms’.

From Futures in Chicago, to trading cash equities in London, to Bunds on Eurex in Frankfurt and back to cash equities in Japan, and much more in between, Itarle Best Execution Algorithms are leaders in reducing trading impact costs across over 75 exchange market micro structures.

Capturing liquidity is also key to ‘locking in’ alpha. Balancing the size of an order with the displayed quotes on an exchange venue is a delicate art. This task has been made more problematic by trading fungible instruments across multiple venues at different trading fees.

The Itarle Liquidity Capture algorithms can work across multiple exchanges and regions, lit and dark pools along with market makers and systematic internalisers.

The combination of market microstructure models, liquidity prediction and game theory logic provides a powerful service that can identify and capture liquidity opportunities across multiple asset classes.

Transparency and accountability are powerful concepts in all aspects of life. In financial markets it is vital to uphold these principles to monitor how well algorithms are performing along with researching post trade data to look for patterns that may lead to superior alpha capture.

Itarle is a data driven company and therefore Transaction Cost Analysis (TCA) is at the heart of its ongoing Research and Development program. Core microstructure research, back testing, live monitoring and post trade transaction costs analysis is a crucial service to ensure that Itarle remains a leader in best execution.

Alpha has always been a scarce commodity. More so over the past 10 years due to increasing computer power, access to large data sets and increasing demand from growing assets under management.

To ‘lock in’ alpha you need to be able to reduce the impact cost. This typically involves segmenting a large order into a sequence of smaller orders. These techniques have come to be known as ‘Best Execution Algorithms’.

From Futures in Chicago, to trading cash equities in London, to Bunds on Eurex in Frankfurt and back to cash equities in Japan, and much more in between, Itarle Best Execution Algorithms are leaders in reducing trading impact costs across over 75 exchange market micro structures.

Capturing liquidity is also key to ‘locking in’ alpha. Balancing the size of an order with the displayed quotes on an exchange venue is a delicate art. This task has been made more problematic by trading fungible instruments across multiple venues at different trading fees.

The Itarle Liquidity Capture algorithms can work across multiple exchanges and regions, lit and dark pools along with market makers and systematic internalisers.

The combination of market microstructure models, liquidity prediction and game theory logic provides a powerful service that can identify and capture liquidity opportunities across multiple asset classes.