18 Percent Of Buy Side Traders Report Not Using Transaction Cost Analysis (TCA) At All

New York, May 19, 2011 – An anonymous survey of 65 buy side traders taken February 28 at TradeTech USA (the premier global conference for institutional traders and technologists) in New York found that 18 percent of buy side traders are not using transaction cost analysis (TCA). This survey was taken as part of this year's annual conference via audience response real time polling sponsored by RBC Capital Markets.

Other findings from the survey related to trade cost analysis include:

* Of the traders that use TCA, 49 percent of traders reported using TCA on a daily basis; 6 percent on a weekly basis; 19 percent on a monthly basis; and 26 percent on only a quarterly basis

* Of the traders whose firms use TCA, 60 percent use it on both a pre- and post-trade basis while 40 percent use it on only a post-trade basis

* Regarding TCA solutions, 49 percent reported using an independent TCA provider; 16 percent used a broker provided solution; 14 percent used TCA that was independently developed; and 20 percent used a combination of the three

The full report can be downloaded at www.tradetechwest.com

"While transaction cost analysis has been an ongoing discussion point at TradeTechs in the United States since the event's inception, it has taken a more prominent role on the agenda as the trading industry is advancing," says Debra Haym, General Manager of TradeTech West. The upcoming TradeTech West conference in San Francisco, September 26 – 28, will reflect the buy side's need for more sophisticated advancements in TCA with session topics such as:

* Leveraging FIX Tag And Other Order Routing Data To Enhance Your Trade Cost Analysis

* Implementing More Comprehensive, Next-Generation TCA To Properly Evaluate Trade Costs

The buy side polling session will be taking place at TradeTech West as well and is also sponsored by RBC Capital Markets.

For more information on the results of the buy side trader survey please contact Nicole Maisner at 646-200-7534 or Nicole.maisner@wbresearch.com. For more info on TradeTech West visit www.tradetechwest.com.