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Call for Participation: TCA Working Group
FPL Program Office / FIX Protocol Ltd. <>
3 May 2012 2:40PM ET
Transaction Cost Analysis (TCA) is a collection of methodologies used to determine the cost of trading at any or all points in the investment life cycle. FPL is interested in establishing a new working group focused on TCA with the purpose of creating a standardized set of guidelines for understanding the true cost of transactions among brokers and liquidity destinations. Some of the issues that this group will address will be:
•Lack of transparency and objectivity in analytical tools
•Limited consensus in terms of what and how TCA should be measured
•Few established and consistent standards for transaction or market data analysis
This group will bring together members of the FIX community to establish a standardized approach to conduct transaction cost and best execution analysis and address some of the highlighted issues mentioned above. If you would like to participate in this group please contact the FPL Program Office by email at FPL@fixprotocol.org by Friday, May 18th.
Please note that as per FPL’s working group policy: http://www.fixprotocol.org/documents/5533/FPL%20Working%20Group%20Membership%20Policy_fordissemination.pdf, upon development of a new working group, participation is open to both FPL members and non-members however 3 months from the date of the kickoff meeting, the group will be open to non-delinquent FPL members only.