Invesco has hired OneTick OneMarketData to perform customized transaction cost analysis analytics on its executions. Invesco will use OneTick's analytical tools to build custom TCA models as well as to run historical simulations and conduct quantitative research.
"Transaction cost analysis has long been an important part of our investment process," stated Kevin Cronin, Invesco's Global Head of Equity Trading. "We wanted to increase both the level of sophistication of our analysis and experiment with new approaches."
According to Richard Chmiel, Senior Vice President at OneMarketData, TCA is just too important for asset managers to outsource any more. “Across the industry, the trend for discerning asset managers is to bring TCA in-house so that customer models can be built and modified to suit their needs, particularly as markets continue to evolve," he said, in a statement.