30 October 2014 – TORA, the leading provider of advanced trading technology and financial services, today announced a partnership with Markit to integrate Markit’s pre and post trade transaction cost analysis (TCA) tools into its Execution and Order Management System.
TORA has integrated Markit’s TCA tools into TORA OEMS to allow clients to see pre-trade analytics in their order blotter. The data items available include the market impact cost estimate and the standard deviation of that estimate, which shows the expected cost of implementing the position.
“We are delighted to be able to extend our existing analytics with Markit’s market leading pre-trade estimates through TORA’s Execution and Order Management system,” said Robert Dykes, CEO of TORA, “Our clients have always been concerned with the cost and performance of their executions and this gives them access to even more tools”.
TORA also has seamless integration with Markit’s post-trade TCA product, which means that client execution data can automatically be processed for further analysis.
Brad Hunt, managing director and head of information in Asia Pacific at Markit, said “The integration of Markit’s TCA tools with TORA’s trading solutions will help investors by providing them with greater insight for their trading decisions. Markit’s high quality pre- and post-trade analytics, combined with TORA’s state of the art trading and portfolio management technology, will help customers reduce trading costs and cumulative price impact as well as manage execution quality.”
TORA is Asia’s leading provider of advanced trading technology and financial services. TORA’s unrivalled solutions span the entire trading process, offering a full suite of trade execution capabilities in markets across Asia, North America and Europe. TORA’s high-performance EMS/OMS has been designed from the ground up by traders, and is currently used by traders at hedge funds, long-only funds and sell-side proprietary trading desks. TORA also provides clients with access to its unique liquidity pools including Asia’s leading non-displayed matching engine. TORA’s dedicated Asia trading desk delivers to buy-side clients unmatched Asia expertise and extensive analytics focused on best execution. TORA’s extensive suite of proprietary algorithms (trading and strategy-focused) is fully customizable and broker neutral. TORA has over 175 employees dedicated to Asia, with offices in Tokyo, Hong Kong, Singapore, Sydney, and San Francisco.
Markit is a leading global diversified provider of financial information services. We provide products that enhance transparency, reduce risk and improve operational efficiency. Our customers include banks, hedge funds, asset managers, central banks, regulators, auditors, fund administrators and insurance companies. Founded in 2003, we employ over 3,000 people in 10 countries. Markit shares are listed on Nasdaq under the symbol “MRKT.” For more information, please see www.markit.com.
Ryan Financial Communications
T: +852 3655 0517