Abel Noser Solutions Launches Transaction Cost Analysis Offering for the FX Market

NEW YORK, April 17, 2012 /PRNewswire/ -- Abel Noser Solutions, a sister company to Abel/Noser, today announced the launch of its foreign exchange transaction cost analysis offering (FX TCA). Abel Noser Solutions' customers will be able to measure the FX trading performance of their custodians, brokers and managers, and view absolute and relative peer cost comparisons based on industry standard metrics. 

"Buy-side firms have historically struggled to support best execution in the currency space due to the fragmented nature of FX liquidity and a lack of centralized price reporting.  With recent currency-trading litigation against custodial banks and the current OTC regulatory environment, savvy traders and investors are starting to demand more reliable and transparent methods to benchmark executions and costs," said James Noser, president of Abel Noser Solutions.   "Our clients are increasingly performing TCA on their FX trading.  They are often finding costs that dwarf those found in equity trading.  FX TCA helps them quantify their total costs associated with cross-border trades, and provides tools to select the best strategy going forward, like changing the mix of standing order instruction and negotiated trades."

Through the Abel Noser Solutions FX TCA offering, traders will be able to identify outlier trades, break out costs by manager, broker, trade type, region and further analyze spot, forwards and swap trades. Independent assessments provided by Abel Noser Solutions also allow customers to compare their trade logistics to reports received by interested counterparties.

"With over 25 years of TCA experience in equities and fixed income, we are in an ideal position to offer institutional clients a complete view of their FX trading performance.  Thus far, we have leveraged relationships with over 500 equity TCA clients, who are beginning to understand the true cost of their custodial connection and scrutinize every commission and execution cost that they have," explains William Conlin, president and CEO of Abel/Noser.  "It would not surprise me if we saw a drop in FX costs as clients start to measure them more closely.  That was the experience we observed when equity trading costs were first measured in the mid-1980s."

The FX TCA platform is now available through Abel Noser Solutions' web-based platform. For more information about Abel Noser Solutions' FX TCA or to view a demo, please visit http://www.abelnoser.com.

About Abel/ Noser

Founded in 1975, Abel/Noser is an independent agency-only brokerage firm offering best execution trading with low commission rates. At every point in the trade lifecycle, Abel/Noser provides portfolio managers and traders actionable analysis to improve performance and preserve alpha. Its headquarters are in New York, and is a member of the NYSE, FINRA and SIPC. For more information, please visit http://www.abelnoser.com.

A sister company to Abel/Noser, Abel Noser Solutions was launched in 2007 to pioneer new trading methods, and to provide broker-neutral pre-trade, real-time and post-trade tools to institutional investors.  Each day the company collects data from over 500 firms, and records trading data for over 13,000 stocks that trade over 100 exchanges to provide one of the most comprehensive views of the industry.  Clients receive actionable analysis at every point in the trade lifecycle, and on average pay commissions that are 44% lower than industry benchmarks.

SOURCE Abel Noser Solutions