Beijing Options and Futures Exchange Rolls Out Execution Cost Management Tool for Floor Traders

Online, April 1, 2010 (Newswire.com) - "Transaction cost analysis and management is an essential element for traders to effectively manage and operate their floor based business," said Julia Ruth, BOFX's press officer. "With it, we can offer our customers even more customizable execution solutions and opportunities."

The Execution Cost Management Analysis Service, which has been customized for the BOFX, is available via a password-protected encrypted Web site that is updated every trading day, and includes BOFX's execution transaction cost data.

BOFX is providing this technology to floor-based firms so they can easily access, monitor and analyze this information and use it effectively to benefit the diverse needs of their customers and manage their own business models efficiently.
The new service includes a variety of highly granular and useful analyses further enhanced by powerful graphics. The service calculates trading fees and rebates for all of a firm's BOFX executions and can also look at costs by algorithmic versus non-algorithmic trade executions, billable versus non-billable executions, and aggregate trading-volume analyses. Data is available for a single date or a user defined range of dates. Taken together, the analyses help floor traders manage their business costs, track fees for each client, and gain greater insight into the trading activity performed for each customer.

"In today's trading environment, managing trading costs is an important component of managing trade flow" said Julia Ruth. "The benefits to BOFX floor traders are immediate and tangible. Now, all BOFX floor based firms can readily access their trading cost data so that they can design and implement execution strategies, on behalf of their customers, and measure the results with accurate and timely cost analysis."

Floor traders differentiate the BOFX market model by blending sophisticated automation, like uniquely engineered algorithms in their hand-held order-management systems, with human expertise and value-added service to offer a highly managed solution for a very large and diverse community of customers.