IHS Markit, a world leader in critical information, analytics and solutions, today announced that Arnhem Investment Management has selected Markit Transaction Cost Analysis (Markit TCA), delivered via IRESS.

Clients of Arnhem and IRESS now benefit from enhanced pre-trade data and in depth post-trade analysis that help them better understand trading costs and demonstrate best execution. Arnhem joins a growing community of Australian buyside firms using the independent, broker-neutral, multi-asset Markit TCA.

Michael Aldridge, global head of Trading Services at IHS Markit, said, “By working with localised, best of breed execution systems like IRESS, we’re able to help customers manage performance-based order routing and optimal trade strategy selection by delivering forecasts of estimated market impact, trade risk, peer comparison data and other metrics. We look forward to adding value to more clients in Australia in the coming months.”

Simon Twiss, Partner, Dealer at Arnhem Investment Management, said, “The Markit TCA service, delivered through IRESS, provides Arnhem with cutting edge analytics across the life cycle of an order, enabling in depth execution, algorithmic, venue and smart order router evaluation. This, in combination with an impressive suite of post-trade reporting, allows us to refine our execution process and work with our counterparties to ensure any changes in market microstructure are identified quickly. We believe a broker-neutral, independent product like Markit TCA gives us the tools to give our clients financial peace of mind.”

Kirsty Gross, IRESS managing director, financial markets, Australia and New Zealand, said, “IRESS is very pleased to be collaborating with Markit to provide IRESS clients with additional trading efficiencies. The integration between Markit and IRESS is allowing clients such as Arnhem Investment Management to have full access to Markit’s capabilities with a minimal amount of technology effort.”

Markit TCA is an independent, global, multi-asset platform that offers execution, algorithmic trading, venue and routing analytics. Its unique calculation methodology breaks down trading costs resulting from the client’s actual decision process versus the trading costs created by other participants. The product provides actionable insights to brokers and asset managers to enhance and synchronise execution quality management, compliance and management reporting capabilities.