Institutional investors have a fiduciary obligation to ensure that their assets are managed wisely and efficiently. While funds and investors frequently analyze execution quality, however traditional transaction cost analysis (TCA) focuses only on executions.
The core of Babelfish Analytics is to analyze what happens to an order as it gets filled, while TCA only focuses on the execution.
An order may be presented at 15 venues before it gets executed. At each stop this order can leak valuable information which could impact the quality of the execution. Babelfish Analytics closely works with institutional money managers and brokers to standardize and analyze venue and routing information. This helps managers better understand the venue toxicity and routing effectiveness of their execution partners.
