Ancerno Launches Trade Compass Pre-Trade TCA
March 1, 2010
Ancerno, formerly a unit of Abel/Noser Corp., a provider of transaction cost analysis (TCA) products and services, has launched a web-enabled version of its pre-trade analytical product, Trade Compass.
The tool provides customers with a comprehensive solution for estimating transaction costs, planning trading strategy, and assessing execution risk, according to the company.
Ancerno maintains a database of over $7.5 trillion in annual principal traded by over 500 global clients, enabling Ancerno to generate a variety of accurate stock level benchmarks and pre-trade cost estimates based on historical trading results. Reports are fully customizable and exportable to MS Excel.
“We feel Trade Compass offers our customers greater accuracy and flexibility for pre-trade analysis,” said Ancerno president James Noser. “It lets customers use our experience benchmarks or other industry standard estimates and even to compare them side by side. This combination works extremely well as trading options increase and execution strategies become more complex.”
The first of Ancerno’s products to be deployed to the web, Trade Compass represents a strategic decision by the firm to enhance technology and deliver its full line of TCA products and services over the internet by early 2010, explained the firm. Web enablement will enable Ancerno “to reach customers through more delivery channels, integrate more easily with distribution partners, and give Ancerno the flexibility to service customers more efficiently.”
Ancerno was launched in 2007 as an independent, broker-neutral provider of TCA products and services.
