Deltix AlgoCompass allows traders to pro-actively measure as well as improve execution quality against benchmarks such as Arrival Price and VWAP. More than TCA, AlgoCompass provides a workflow to continually measure execution performance and continually determine the best execution path. AlgoCompass uses the Deltix ExchangeSimulator to simulate the execution of hundreds or thousands of combinations of execution algos with different parameters in order to identify the best candidate algo (and its parameter set) to achieve the objectives determined by the user.
ExchangeSimulator operates on a knowledge basis of orders, executions and market data from each firm. We call this technology and knowledge base “AlgoGrid”.