Options trading executives have noticed increased demand for performance metrics as more clients incorporate options into their trading portfolios. The increasing sophistication of the options market and potential changes to its structure are driving demand.

Trading volume has grown by more than 10 percent since 2009, according to TABB Group. “There is a void in the options marketplace for transaction cost analysis, unlike in equities,” says one chief investment officer. TCA proves that you are trading the right way. “TCA for options doesn’t have to be sophisticated like some of the benchmarks for equities, but it does need to be something,” the CIO adds.