RCM-X Implements OneTick TCA to Offer Optimised Algo Execution

Blog entry

RCM-X, the trading technology subsidiary of investment firm RCM Alternatives, has gone live with OneMarketData’s OneTick Transaction Cost Analysis (TCA) platform to offer clients an enhanced execution algorithm suite in global futures markets. The OneTick TCA solution offers traders flexibility and customisable analysis to show orders and fill performance against a variety of price benchmarks by venue, industry, algorithm or sector. Traders are given information on costs, quality and real-time market impact.

Joe Signorelli, managing partner at RCM-X, says: “Partnering with OneMarketData through OneTick TCA will supplement the services we provide to traders to help them achieve their best execution goals. TCA allows us to analyse our clients’ algorithmic trade flow and provide suggestions to reduce implicit costs, such as slippage, that may otherwise go unaddressed.”

Ross Dubin, global head of sales at OneMarketData, adds: “Together we can provide better context behind each transaction and, ultimately, help traders fine-tune their strategies.”

OneMarketData says demand for its TCA service has risen due to the need for market transparency and the solution’s ability to generate alpha by exposing and potentially lowering trading costs. The company’s OneTick time series database also allows clients to marry market data with transaction data. The TCA solution is built on OneTick and the company’s CEP engine, which is able to archive millions of ticks per second on a single server, enabling traders to execute new trading strategies quickly.