J.P. Morgan Securities Services is set to offer TradingHub’s Trading Analytics solutions including its new Transaction Efficiency and Accuracy Monitor (TEAM) solution.
TEAM is a new tool that enables financial services firms to evaluate execution costs at the order, trade, instrument or asset class-level, and compare against peers on an anonymised and permissioned basis.
J.P. Morgan will offer this solution to its institutional clients through its open data and analytics platform.
TEAM’s utilisation of customer consortium data enables buy-side firms to monitor and lower their trading costs by identifying brokers providing best execution.
The tool also offers sell-side institutions greater transparency into their market share and quality of execution versus that of their peers, supporting continuous improvement of service.
Analysing published market data alongside its dataset of anonymised and permissioned client trades, TradingHub’s proprietary modelling determines accurate mid-prices intraday across asset classes and product types.
The data also supports TEAM’s order routing tool which simulates order execution with different brokers over different time periods.
According to J.P. Morgan, TEAM is of particular importance to compliance teams, as it aids in the monitoring of execution quality across asset types and venues, and the identification of trading patterns associated with particular instruments.
Richard Crozier, head of product for data and analytics at J.P. Morgan Securities Services, explains: “Providing clients with access to unique services which help them manage transparency across the trade lifecycle is more important than ever. We’re excited to be working with TradingHub and offer TEAM as part of our growing platform.”
Neil Walker, chief executive and founder of TradingHub, comments: “We are delighted J.P. Morgan has identified TEAM as a highly novel and valuable product and is giving its clients access to our market leading trade execution analytics service.”
Walker adds: “This important relationship with J.P. Morgan will give more asset managers access to our services in a seamless and efficient manner via its open platform.”
