$48/m – price improvement – an advantage of trading on firm liquidity
$25/m the cost of last look hold time at 100ms;
$15/m the cost of hold time at only 10ms
You want more numbers:
Hold time costs measured at up to $336/m
ZERO price improvement on â€˜last look’ feeds
Fill rates increased by 7% at no net cost to the customer from 92% to 99% fills by trading improvement for fill rate
These are just some of the numbers available in our new TCA white paper just published today
â€˜TCA and fair Execution: The metrics that the FX industry must use’ is an 84 page analysis and comparison of common FX execution quality metrics across â€˜last look’ and firm liquidity.
It’s a white paper to equip clients, ALL clients, with an effective evaluation of their cost of trading and quality of execution.
In it we examine 5 key metrics:
- Fill ratio
- Price variation
- Hold time
- Market impact
This report brings TCA out of the shadows and illuminates the stark choice for customers which is the current â€˜confusion and opacity’ or â€¦â€¦â€¦â€¦â€¦Â Â Â Â the brave new world of â€˜simplicity and transparency’.
Download a copy of the white paper today: LMAX.com/TCAwhitepaper and start creating the transparency we’ve all been talking about for far too long.