NEW YORK--(BUSINESS WIRE)--TradingScreen Inc. (TradingScreen), the leading independent provider of liquidity, trading and investment technology via SaaS, has partnered with Zeno Consulting Group, LLC (Zeno), the leading independent trade cost analysis consulting firm for plan sponsors, mutual fund boards and other asset owners, to provide foreign exchange (FX) transaction cost analysis (TCA) tools and services. The relationship will combine TradingScreen’s FX transaction cost analysis capabilities with Zeno’s industry leading consulting services and expertise.
The partnership will enable investment officers, compliance managers, and risk managers to exercise meaningful due diligence, gaining insight and transparency into their fund managers’ and custodians’ foreign exchange transactions.
“This partnership is much more than just an extension of TradingScreen’s offering to a new group of customers and is timely given the ongoing scrutiny and efforts exercised by asset owners in assessing the true costs of trade executions, particularly in foreign exchange markets,” said Jon Fatica, Global Head of Analytics for TradingScreen. “This relationship gives plan sponsors insight into their foreign exchange transaction costs at a time when they are demanding greater transparency into investment practices for FX execution quality. Their review process should result in additional business being directed to dealers who are shown to produce best executions.”
The migration of foreign exchange to electronic trading platforms has increased transparency in the market, providing the ability to assess the costs incurred and the value provided by those conducting fiduciary transactions for clients. At the same time, challenging market and business conditions drive asset owners to look for new and effective ways to improve investment returns. Access to joint TradingScreen and Zeno analysis, consulting services and tools, adds valuable insight and context, as managers’ foreign exchange trading performance can now be shown in the context of implementation shortfall and relative to industry benchmarks and peer groups.
“When TradingScreen launched real-time, multi-asset class transaction cost analysis for the buy side, we immediately saw the potential of adapting this technology to the asset owner community,” said Steve Glass, President & CEO, Zeno Consulting Group. “By combining TradingScreen’s tools with our own analytics, data, insights, and relationships, we were able to create a powerful offering that can make a real difference to asset owners. We are very excited by the potential of this partnership to build transparency and reduce transaction costs for our clients.”
View a video that provides context on the partnership and the significance of TCA for plan sponsors.
About TradingScreen
TradingScreen is the leading independent provider of liquidity, trading and investment technology via SaaS to the financial community. TradingScreen’s goal is to simplify the complexity of markets, by consolidating all investment workflows for exchange-traded and OTC instruments on a single platform. TradingScreen brings the major, global sell-side participants, leading regional brokers and the largest Buy side firms to a common environment, delivering market access, order- and liquidity-management and Investment services. The benefit to clients is an exceptional reach across counterparties, asset classes, and geography, and a full integration of services front to back. TradingScreen was named best buy-side trading system in the most recent Financial News Awards for Excellence in Trading and Technology. TradingScreen provides global coverage from offices in Chicago, Geneva, Hong Kong, London, New York, Paris, São Paulo, Singapore, Sydney and Tokyo. For more information on TradingScreen, go to www.tradingscreen.com.
About Zeno Consulting Group
Zeno Consulting Group, LLC (“Zeno”) is a boutique consulting firm and Registered Investment Advisor that specializes in assisting compliance managers, risk managers, and investment officers in proactively monitoring and evaluating the trading performance of their external investment managers, directed brokers, transition managers, and foreign currency counterparties. With over 25 years of experience in exercising a precise level of meaningful oversight, analysis, and interpretation, Zeno has designed its services to assist asset owners in managing and controlling excessive trading costs (equity, foreign exchange, and fixed income), in a conflict-free environment.
Zeno is not a broker or asset manager; nor has any broker or asset manager affiliates. Zeno feels that executing trades which we subsequently evaluate represents an un-reconcilable conflict. Particularly in today’s environment, we believe asset owners should have comfort that their trade cost analysis service provider is always acting in their sole and exclusive interests (without hidden agendas). For more information on Zeno Consulting Group, LLC, e-mail info@zenocg.com or go to www.zenocg.com.