Virtu launches Prism Frontier tool

Virtu Financial, Inc. has  announced the launch of Prism Frontier, a post-trade analytics tool designed to provide transparency and forensics around client executions. In order to perform meaningful analysis of execution quality...

September, 2020

Steve Cavoli
Steve Cavoli

Virtu Financial, Inc. has  announced the launch of Prism Frontier, a post-trade analytics tool designed to provide transparency and forensics around client executions. In order to perform meaningful analysis of execution quality, investors require transparency and data regarding how their orders are handled.  This is not easily achieved, as it requires an entire trading system built around this purpose.  To that end, Virtu’s algorithms are built around trader intuition with simple principles in mind, based on information about a given order and the prevailing market activity. This produces a trading strategy with specific intentions whose results are easily measured. “Virtu’s algos don’t over-complicate the task they’ve been assigned,” says Steve Cavoli, Global Head of Virtu Execution Services. “They digest massive quantities of market data, in real-time, and make appropriate decisions.  When the trade is complete, Prism makes it easy to review the results.  This is TCA for a trader.  It’s a practical review of execution.”