Post-Trade Analytics

Talos Post-Trade Analytics provides institutional traders and portfolio managers with comprehensive data and analytics for measuring execution quality, analyzing market structure, and optimizing trading strategies in digital asset markets.

Transaction Cost Analysis (TCA)

The platform delivers both in-flight and post-trade TCA, enabling traders to measure execution quality against multiple benchmarks including arrival price, TWAP, VWAP, and implementation shortfall. Detailed cost breakdowns separate explicit costs (fees, spreads) from implicit costs (market impact, timing), providing actionable insights for improving execution outcomes.

Real-Time and Historical Market Data

Institutional-grade market data from an independent source ensures traders have access to trusted, high-quality pricing information. Real-time data feeds support algorithmic trading and execution monitoring, while extensive historical data enables backtesting, strategy development, and regulatory reporting. Following the Coin Metrics acquisition, the platform benefits from industry-leading crypto market data and blockchain analytics.

Performance Attribution and Reporting

Comprehensive reporting capabilities enable analysis of trading performance across dimensions including venue, algorithm, trader, asset, and time period. Customizable reports support both internal analysis and external reporting requirements, with data available via API for integration with proprietary analytics systems or third-party reporting platforms.

Market Structure Insights

Detailed analytics on liquidity, spreads, market depth, and trading patterns across venues help institutions understand digital asset market structure and identify optimal execution approaches. These insights inform algorithm selection, venue routing decisions, and overall trading strategy.