RBC STAT - STATISTICAL TRANSACTION ANALYSIS TOOL ANALYZE. EXECUTE. EVALUATE.

Transcription

1 RBC STAT - STATISTICAL TRANSACTION ANALYSIS TOOL ANALYZE. EXECUTE. EVALUATE.

2 RBC Capital Markets is the brand name used by the global capital markets business of the Royal Bank of Canada Financial Group, including RBC Capital Markets Corporation, RBC Dain Rauscher Inc., and other non-us affiliates. RBC Capital Markets Corporation is a member of NYSE and SIPC. All data and other information contained herewith, including, but not limited to, pricing terms, is subject to change without notice. Options trading is not suitable for all investors: options are risky and capital can be lost. To obtain a copy of the most current Options Disclosure document, contact RBC Carlin Client Services clientservices@rbccm.com Telephone , RBC Capital Markets Corporation. All rights reserved. RBC Electronic & Program Trading US: + 1 (212) Canada: + 1 (416) etrading@rbccm.com

3 RBC STAT provides analytics vital to the trading cycle. Trade Execution Pre-Trade Analysis Post Trade Analysis Trade Decision Pre-trade Analysis provides risk metrics, optimal execution horizon and implementation shortfall estimates necessary to craft a best-execution strategy. Real-Time Monitoring helps ensure compliance with chosen strategy. Post-trade Analysis quantifies and documents actual results.

4 Pre-Trade Analysis Manage Risk Control Costs Enhance Trading Performance RBC STAT - RBC Capital Markets Statistical Transaction Analysis Tool Leveraging proprietary models, market insight and advanced technology, RBC STAT is a comprehensive pre- and post-trade analysis tool that helps users plan their trades, control risk and minimize implementation shortfall. Pre-Trade Analysis RBC STAT provides rich pre-trade analytics to ensure that each trade is considered from every angle, including: Implementation Shortfall Estimates Optimal Execution Horizon (basket and single security) Liquidity Analyses Portfolio Composition & Sectoral Exposure Broad Market Exposure Identification of Outliers Blind-Basket Statistics Benefits of Pre-Trade Analysis: Project Expected Risk - proprietary volume estimation techniques assess expected trade risk Identify Challenging Trades - highlight obstacles Attribute Transaction Costs - estimate the contribution of market impact and opportunity cost at the security and portfolio level Optimize Timing - minimize potential shortfall with optimal trading timeline

5 Real-Time Monitoring Tools for both single-security and portfolio evaluation RBC STAT provides: Live Pricing - both individual securities and baskets Projected Pricing - pro-forma analysis Real-Time Monitoring - quick reaction to market shifts Intra-Day Volume Distributions - projection for a security or for an entire portfolio Calendar-Based Volume Estimation - precise data that accounts for US holidays, shortened weeks and major events RBC STAT provides the information required to effectively adapt to intra-day market shifts.

6 Post-Trade Analysis RBC STAT features robust and flexible end-of-day and multi-day reports as well as historical intra-day data on all trades. Performance is measured against key benchmarks, providing detailed execution quality statistics. Choose arrival, start and end times and dates to evaluate executions Select benchmark index for trade evaluation Determine the price to use as a benchmark Utilize historical information to analyze quality of executions Benchmarks available: VWAP Arrival Price Previous Day s Close Open/Close MAIS (Market Adjusted Implementation Shortfall) Optimize results at every stage of the trade RBC STAT provides a clear advantage throughout the trading cycle, from intuitive pre-trade analytics to real-time monitoring and detailed post-trade reporting. When combined with the expertise of RBC s trading professionals and our sophisticated trading technology, RBC STAT helps achieve best execution.