TCA Trading Software

S3’s TCA tool compares client executions to numerous benchmarks and allows you to evaluate your trading strategies for achieving best execution in all jurisdictions around the world.

The tool allows institutions and funds of any size to better determine execution quality in order to source liquidity through large block trades with minimal market impact. Users can view and analyze data for larger orders, as well as for individual executions that make up each order, providing a complete picture of execution quality for every trade.

  • Perform a detailed post-trade venue analysis using multiple data points to evaluate your trading destinations
  • Evaluate expected cost using our machine-learning model that is trained by billions of historical orders and trades, resulting in a pre-trade analysis based on a much larger dataset than traditional expected cost models.
  • Easily compare metrics – like total cost, cost per share, at or better, and average order duration – on a monthly or quarterly basis to identify trends
  • Analyze and adjust your trading behavior to achieve optimal performance
  • Customize and schedule automated reports to be delivered directly to your inbox – for your review, or to share with your clients
  • Review your data using a high-level graphical summary of trends, or drill into the detail of each trade