Transaction Cost Analysis Tool will help firm to comply with increasing regulatory requirements on best execution and transparency
Seoul – April 26, 2018 – Bloomberg announced today that Truston Asset Management (“Truston”), South Korea’s leading independent asset manager, has adopted Bloomberg’s Transaction Cost Analysis (“BTCA”), to analyze and monitor trading performance for Korean equity trades executed for its overseas institutional investors.
BTCA allows Truston to demonstrate to its institutional investors that they have taken the broadest steps to obtain the best possible result when executing orders. Bloomberg’s Transaction Cost Analysis (BTCA) solutions seamlessly integrate local and international regulatory requirements for Asian firms, across multiple asset classes, including OTC derivatives, to set, demonstrate and monitor an order execution policy and help ensure the firm is compliant. It is also a tool that helps quantify broker strategy, which in turn helps boost margins and direct profitability back to investors.
“MiFID II has really helped to kick-start the conversation about best execution in Asia,” said Fiona Lui, Head of Hong Kong, Taiwan and Korea at Bloomberg. “Firms need to continue having conversations with their regulators on what it means for them to be compliant, or they may be caught unprepared. Firms are looking to stay ahead of best practices as Asia-based regulators are already moving towards greater transparency in their own markets, brought on by client demands and stronger financial risk management.”
For more information on Bloomberg’s solutions for Transaction Cost Analysis, please click here. If you would like to understand why MiFID II matters in Asia, please visit the Bloomberg Professional Services blog.
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About Truston Asset Management
Truston Asset Management, founded in 1998 and headquartered in Seoul Korea with a representative office in Singapore, is an independent, leading asset management firm specializing in Korean equities.
Truston has 13 sector analysts covering 27 sectors and about 500+ stocks. Truston’s investment universe covers ~85+% of the KOSPI and KOSDAQ. Because of this, Truston’s breadth of coverage is larger than any sell-side research in Korea.
80% of Truston’s AUM is from institutional investors such as public pension funds and insurance companies, including some of the world’s most reputable institutional investors and sovereign wealth funds. Truston is registered with the U.S. Securities and Exchange Commission as an investment advisor under the U.S. Investment Advisers Act of 1940, and is also an ERISA Compliant Qualified Professional Asset Manager (QPAM).
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