Анализ транзакционной стоимости | TCA (used by institutional investors, is defined by the Financial Times as "the study of trade prices to determine whether the trades were arranged at favourable prices – low prices for purchases and high prices for sales". It is often split into two parts – pre-trade and post-trade. Recent regulations, such as the European Markets in Financial Instruments Directive, have required institutions to achieve best execution: The UK-EU TCA does not cover the financial services relationship, and the taxation of financial transactions remains uncertain Anastasiia_25) |