TradingScreen, a provider of execution management systems (EMSs) to the buy-side, has acquired post-trade transaction cost analysis (TCA) provider GSCS Information Services.
The combination will boost TradingScreen’s TCA capabilities by joining its client base of over 1,000 buy-side institutions with GSCS’s pool of equity transactions under analysis. In the coming months, TradingScreen will start to offer traders a new range of proprietary post-trade analytics, which will be fully integrated with the firm’s existing global infrastructure.
“We will be constantly adding new functionality, as well as enhancing the user experience of traditional TCA and also bringing some breakthrough analytical concepts to the industry with a complete focus on trading,” said Philippe Buhannic CEO at TradingScreen, in a statement.
As a result of the integration, Robert Kay, managing director of GSCS Information Services, will also take the role of head of TradingScreen’s analytics department, where he will be charged with leading the development and marketing of trading analytics, risk and reporting solutions to both buy- and sell-side companies.
“As part of TradingScreen, GSCS will be able to offer its clients more sophisticated services, comparison with a broader universe of global transactions, faster and more robust technological development and global consulting support,” said Kay. “Importantly, within TradingScreen, GSCS will continue to be able to offer clients truly independent analysis of their different brokers and a unique perspective based on decades of personal experience in transaction cost analysis.”