Executive Summary

2020 was not a year of massive change for equities TCA, but rather a steady continuation of the adoption of TCA techniques, tools and analytics.

With the continued rise of analytics and Institutional 606, not to mention hopes of a return to “normal,” we expect 2021 to be another strong year of TCA adoption and interest in third-party providers who will seek to offer increasingly advanced techniques.

Methodology

Between July and September 2020, Greenwich Associates interviewed 84 equity traders in North America. Respondents were asked a series of questions concerning their usage of transaction cost analysis (TCA) tools.

Respondents