TT Launches Broker Liquidity and Execution Report Feature

Trading Technologies International, Inc. (TT) has launched TT Broker Scorecard, a new monthly report ranking global and regional equity brokers based on liquidity and execution quality. The report utilizes aggregated, anonymized trade data from Abel Noser Solutions, which TT acquired in 2023. According to TT, the scorecard aims to provide an independent view of the institutional market.

The TT Broker Scorecard is accessible through Trade Zoom, Abel Noser Solutions' transaction cost analysis (TCA) platform. The platform allows users to access historical data and conduct detailed analysis. TT stated that the scorecard will enable buy-side participants to identify and assess brokerage firms in specific market segments, evaluate broker liquidity, estimate pre-trade costs, and measure post-trade transaction effectiveness using Abel Noser Solutions' TCA tools. Sell-side firms can also use the report to pinpoint their strengths and weaknesses and target customers in their strongest areas.

Peter Weiler, EVP Managing Director, Data & Analytics at TT, stated, "In today's ultra-competitive environment, the buy side is increasingly trying to find liquidity in highly concentrated markets, while the sell side is seeking ways to protect and grow market share. TT Broker Scorecard will help firms on both sides uncover distinct business advantages by leveraging the massive universe of data that flows through our market-leading TCA platform."