SOURCE: Quantitative Services Group LLC

Quantitative Services Group LLC

July 13, 2011 09:52 ET

QSG® Extends Innovative Trading Analytics to Monitor FX Execution Costs

NAPERVILLE, IL--(Marketwire - Jul 13, 2011) - A catalyst for change in the currency markets erupted when many large public pension funds alleged that their custodian banks committed fraud on FX trades. With damage claims of hundreds of millions of dollars, the actions have prompted a wave of investigations by funds looking into the currency practices of their custodian banks. The size and profile of these events have brought the concept of execution quality to the forefront for institutional investors who routinely participate in the currency markets. In response, QSG has extended its innovative tick-based trading analytics to help investment managers monitor FX execution quality and possibly save millions of dollars in reduced execution costs.

"It is remarkable that over $4 trillion of global currencies are being traded with little regard to the impact and understanding of the costs associated with trading," said Tim Sargent, QSG's CEO. "Perhaps this inattentiveness is because of the general opaqueness that characterizes the global currency markets. A fragmented execution network and other unique features of the currency market increase the complexity of accurately quantifying the true costs of FX trading."

As managers acquire increased transparency in the form of time-stamped execution data, independent analysis tools like QSG's new SYNC FX module will soon become a mainstream tool for all investment operations. QSG's FX module extends the innovative SYNC trading analysis platform beyond equities by developing a set of tick-based FX execution quality metrics.

This new module will allow subscribers to systematically analyze FX transactions on a daily basis. The FX module leverages currency quote data for the spot and forward markets around the globe to put each FX transaction into context. By consolidating a client's FX transactions in this way, a comprehensive picture of execution quality emerges.

About Quantitative Services Group LLC

Quantitative Services Group LLC is a leading provider of independent global equity research, advanced trading analytics and investment consulting services to institutional investors. QSG does not manage assets or offer execution services, allowing the firm to provide clients with unbiased, impartial research. QSG reserves the right to limit distribution of its products. The details of QSG's client relationships are kept strictly confidential.

If you would like more information regarding this product release, please contact Jacqueline Jones at 630-637-8088 ext. 219 or email Jacqueline at jjones@qsg.com.

Contact Information

  • Contact:
    Jacqueline Jones
    Quantitative Services Group LLC
    Tel: 630.637.8088 x219
    Email: jjones@qsg.com