Determine Optimal Trade Execution

Make sense of trading activity so you can turn strategies to results.

Determine a stock’s optimal trading execution, when liquidity is at its highest, as well as the price range where most of the day’s trading has taken place.

• Leverage FactSet’s Time & Sales display to analyze intraday and historical trading volume. Calculate VWAP for a specified time period or analyze trading activity by organizing volume- in-time intervals, price buckets, or exchange venues

• Analyze a stock’s last 10 days of trading history to understand daily trading volume as well as how much volume the stock typically trades from market open to now. Access a calculated forecast for the amount of volume that’s expected to trade for the remainder of the day
• Determine if the current price and volume levels support a transaction. Visually compare where a security is currently trading relative to the Portfolio Manager’s target purchase price as well as the VWAP to make sure it is in line with the current trading range
• Take advantage of FactSet’s integration of Indications of Interest data as well as Advertised Trades powered by NYSE Technologies. Filter on naturals to eliminate the noise of the blasted IOIs. Analyze correlations between IOIs and ATs to select your brokers with better intelligence
• Identify how much volume took place above or below your trade and compare your trade to the VWAP to show that your timing and routing skills have generated alpha