BOSTON, Nov. 12, 2014 /PRNewswire/ — FX Transparency (“FXT”), the largest independent provider of FX transaction cost analysis (FX TCA) to the institutional space globally, today announced a partnership with oneZero Financial Systems, a provider of institutional trade-routing software to the Foreign Exchange market, to bring rTCA™ to the retail forex broker community. rTCA™ is a version of FX Transparency’s flagship transaction cost analysis reporting developed to fit the needs of the retail currency market.
“The retail FX trading community is littered with claims of tight bid/ask spreads, but no independent source has actually measured those claims until now. rTCA bridges the gap between retail FX conventions, and institutional analytics and best practices,” said James McGeehan, CEO of FX Transparency. “Our history and success creating exacting analyses of FX trading costs for the world’s most demanding asset managers will now help top-tier retail brokers fight false claims and win more business.”
“This is a way for the serious retail brokers to really separate themselves from the competition with the credibility that comes from being measured by a truly independent source,” said Stephen Leahy, Head of Business Development at oneZero Financial Systems.
Increased competition for new business in the retail FX space, as well as rising regulatory scrutiny surrounding execution quality are driving a market need for independent, third-party measurement of trading costs.
“We know FX TCA, and oneZero has the domain expertise in the retail currency market, so it’s a very complimentary fit,” added McGeehan.
About FX Transparency, LLC
FX Transparency is the largest independent provider of foreign exchange transaction cost analysis (FX TCA) and currency-execution consulting globally. FX Transparency was founded in 2009 and has offices in Framingham, Mass., and London. For more information about FX Transparency’s TCA services, please visit our website at www.fxtransparency.com.
About oneZero Financial
Founded in February 2009, oneZero Financial Systems develops low-latency software systems for the foreign exchange, commodities, and futures markets. The oneZero Hub combines liquidity aggregation, smart order routing, and retail platform connectivity for brokers and money managers in a stable and fast software environment. oneZero Financial Systems serves over 80 clients around the globe from our Cambridge, MA headquarters and London, England support office. For more information, please visit www.onezero.com
SOURCE FX Transparency, LLC