In 1996, The Transaction Auditing Group, Inc., (TAG) originated the idea of independent Best Execution reporting and standardized industry benchmarks. This was long before the advent of Rule 605/606 and the level of public disclosure which is now commonplace. Through industry roundtables and extensive research, TAG developed technology and statistics which have found their way into numerous regulations and are standard in almost every best execution report produced today.
TAG is a privately held, independent innovator in the Securities Industry. As such, we offer solutions to measure the quality of trading executions of financial market participants. TAG combines unique real-time market data collection and archival capabilities, proprietary analytical measurements and benchmarks, and regulatory criteria in the creation of its metrics. TAG's line of product solutions has been designed using our extensive experience, market research and feedback from numerous client firms including market makers, broker-dealers, exchanges, ETF’s and ATF’s
Our proven track record for custom analysis was created by the flexibility of our proprietary TAG IQ Engine which will tackle any size custom request. TAG has been developing numerous products including powerful Execution Analytics Solutions measuring: quality of execution, competition between market participants (Execution venues, Brokers), US Best Execution Compliance reporting, Transaction Cost Analysis, and more.
TAG's one and only focus is on Best Execution measurement. We are not influenced by a parent company, we are not a spin-off of an order management system, nor have we adapted software systems designed for another market sector. Our staff has a combined 80 years of experience in the Securities Industry, much of that with a focus on trading, execution quality and compliance. TAG team members have been, analysts, traders, IT professionals and senior executives.
For fourteen years, we have been your partner in Best Execution, realizing your goal to effectively compete as well as comply. TAG will continue to bring efficacy to your Best Execution reporting while helping market participants to take control of Best Execution, Trading Costs, Market Fragmentation and Regulatory Obligation in this quickly evolving global landscape.