The integration will establish TradingScreen as the an independent provider of post-trade analysis and consulting services combining a client base of more than 1,000 large buy side institutions and the largest pool of equity transactions under analysis.
TradingScreen plans to offer post-trade transaction cost analysis as the first component of a new range of proprietary analytical services for its traders over the coming months. These services will all be fully integrated in the TradingScreen infrastructure, available in every region of the world and deployed using the Software As A Service (SAAS) model.
However, these services are available to clients of TradingScreen but can also be used by any other EMS/OMS user as a complement through a choice of interfaces.
Additionally, TradingScreen has appointed Robert Kay, director of GSCS, as head of its analytics department to lead the development and marketing of trading analytics, risk and reporting solutions to the buy side and sell side communities. He will continue as managing director of GSCS Information Services (GSCS).
Philippe Buhannic, CEO of TradingScreen, said: “Future developments of our analytics services will raise the bar of what the market had available in the past by intelligently combining real time tool, a unique peer group and in depth reporting analysis. We will be constantly adding new functionality, as well as enhancing the user experience of traditional TCA and also bringing some breakthrough analytical concepts to the industry with a complete focus on trading.
“This acquisition is indicative of our ambition in the analytics space and our determination to find new ways to work with our clients to improve the productivity and effectiveness of their trading irrespective of geography or asset class.“
Mr Kay said: “As part of TradingScreen GSCS will be able to offer its clients more sophisticated services, comparison with a broader universe of global transactions, faster and more robust technological development and global consulting support. Importantly, within TradingScreen, GSCS will continue to be able offer clients truly independent analysis of their different brokers and a unique perspective based on decades of personal experience in transaction cost analysis.”
