Transaction cost analysis (TCA) module is monitoring the transaction costs of the trading activity and the brokers and other intermediaries' performance. It is a key component for any market participant which is trying to achieve best execution goal, to optimise the trading strategies and the trading performance.

TCA module calculates the difference between transactions' executed price, without any additional costs and the actually realized transaction, including direct costs, such as brokerage commissions, market fees, settlement costs, clearing costs and taxes, as well as indirect costs from market impact, market timing delays and missed trade opportunities.