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TradingScreen Buys Citi’s BECS License
TradingScreen has purchased Citigroup’s multi-broker post-trade best execution comparison services license.
TradingScreen has purchased Citigroup’s multi-broker post-trade best execution comparison services (BECS) license. TradingScreen will be responsible for overseeing all multi-broker post-trade analytics for BECS as part of the deal.
The transaction will combine TradingScreen’s multi-asset class Transaction Cost Analysis (TCA) business, TCA-in-a-Box, with Citi’s BECS multi-broker system, which was developed over the past few years. The license will let Citi deploy an independent TCA capability to its large client base in a very easy way, while TradingScreen will be able to offer a one-stop-shop destination for large institutional clients across the globe.
Click here for the release from TradingScreen.