Eastspring helps ITG roll out FX TCA

In a bid to cut its currency trading costs, Eastspring Investments has been working with ITG on the agency broker's transaction cost analysis (TCA) product for foreign exchange. The offering has been rolling out in Asia in recent months. TCA has long been used by asset managers for equities in the region, but not for other asset classes such as foreign exchange, says Richard Coulstock, Singapore-based head of dealing at Eastspring, the Asia funds arm of UK insurer Prudential. A…