S&P discontinues TCA services
S&P Global, a leading provider of financial market intelligence, has announced the closure of its Transaction Cost Analysis (TCA) operations. The TCA service, which offers analysis for various financial instruments such as equities, foreign exchange (FX), fixed income, credit default swaps, loans, and money market instruments, has been operational since 2011.
The closure of S&P Global's TCA operations was confirmed by sources familiar with the matter, but the reasons for the decision have not been disclosed by the company. Michael Richter, EMEA executive director of TCA at S&P Global, could not be contacted for comment regarding the closure.
The TCA service is part of S&P Global's Market Intelligence business and has been providing valuable insights to a significant number of clients. It is unclear at this time if the closure of the TCA service will affect S&P Global's overall business operations or if any changes will be made to the company's overall operations as a result.
S&P Global Market Intelligence continually evaluates its product portfolio to meet the needs of its clients. In Q2 2025, the company generated US$1.2 billion in revenues, a 5% increase year-on-year. However, the TCA service is not mentioned as being a significant portion of S&P Global's overall revenues in the provided paragraph.
S&P Global Market Intelligence has a policy of keeping its clients informed of any updates, but no specific details about the TCA service's future were commented on by the company. The search results do not provide information about who will take over the TCA services of S&P Global after the current contracts expire.
This news may affect a significant number of clients who rely on S&P Global's TCA services for financial analysis. It is important for clients to stay informed and seek alternative solutions if necessary. S&P Global has not yet announced any plans for a replacement service, so clients may need to explore other options in the market.
As more information becomes available, S&P Global's clients and the financial community will be updated accordingly. In the meantime, it is important for clients to stay informed and seek alternative solutions if necessary.
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