Alex Sedgwick, head of research at MarketAxess, explains that Transaction Cost Analysis (TCA) in credit markets demands a different approach to equity markets and outlines a new methodology for TCA in the corporate bond markets.
Read more about TCAREXIQ Advantage for electronic trading
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Find Out More About REXIQ
INTRODUCING REXIQ. MarketAxess has developed an approach to analyze the cost of trade execution in the fixed income markets. The REXIQ approach illuminates and validates the cost saving benefits of trading corporate bonds electronically.
As the leader in the electronic credit markets, MarketAxess has used its extensive data to calculate the cost of execution for electronically executed trades, compared to a prevailing market price using industry driven TRACE data. The REXIQ sample represents a robust dataset of nearly 150,000 trades from which precise statistical inferences can be made.
REXIQ reveals average cost savings for trades done electronically in nearly every single size and maturity bucket, indicating both statistically and economically significant cost savings when trading bonds electronically.
For portfolio managers, the additional cost savings from e-trading results in increased portfolio returns.
The Conclusion
The more you trade on MarketAxess, the more you can reduce execution costs. GET REXIQ > TRADE ON MARKETAXESS