Product Overview

Make better decisions with BEAST, our state-of-the-art platform that delivers the next evolution of pre-trade decision support and post-trade transaction cost analysis (TCA) for institutional traders. FactSet TCA is a broker-neutral and un-conflicted solution, giving you the highest levels of insight and analysis in one unified platform. Our focus is to provide you with trading insights to help you save money. Throughout the FactSet ecosystem, TCA completes the suite of portfolio lifecycle tools by allowing you to analyze trading implementation performance. For traders, portfolio managers, and research analysts across fundamental and quantitative teams, we provide you with liquidity analysis for any listed security—where and when you need it.

Product Highlights:

• Analyze liquidity and market impact across your benchmarks to realize the best trading outcomes. View order and fill level analysis using highly aggregated—yet highly filterable—reports so you can determine the optimal approach to each order. Use our interactive graphical user interface (GUI) for deeper data exploration across factors including spread, average daily volume (ADV), and volatility. TCA can be accessed through our EMS solutions and/or fully integrated directly into your systems via API.
• By examining outlier analysis, you’ll be able to identify extreme values with unexpected performance and prevent data distortion. Single-order detail views provide essential attribution analysis. TCA includes all standard benchmarks, in addition to proprietary metrics, and incorporates order difficulty based on characteristics such as spreads, volatilities, participation rates, market caps, countries/regions, and estimated costs.
• Quantify the dynamics of the market environment using our Liquidity Analytics that show stock-specific characteristics at an intra-day granularity.
• With TCA, combine order and fill data to analyze trading performance across country/region, trader, portfolio manager, spread, volatility, participation rate, trading strategy, and broker. Context-sensitive benchmarks with prevailing liquidity help provide a complementary view of your order analysis. Take a scientific approach to your Best Execution using TCA to perform A/B testing.
• Give your Trade Oversight Management Committee everything they need to know so they are aware you are fulfilling your Best Execution fiduciary duty of care. Using our broker scorecards per execution style, plus flexible reporting and performance data, we’ll help you achieve your main responsibility—getting the best price and execution for your clients.