Warakirri says FX transaction cost analysis shifts from compliance tool to execution driver

• Warakirri published an FX market structure analysis on Aug. 18, 2026, arguing transaction cost analysis now drives execution quality, not compliance.
• It said execution differences can materially change net returns even with identical investment calls, with pension funds especially exposed to basis-point slippage.
• The report described a shift from a centralized, tier-1 bank-led OTC market to fragmented liquidity across banks, non-banks, electronic providers, venues.
• Algorithms now dominate FX execution, increasing the need for TCA to guide venue selection, dealer choice, real-time trading decisions.
• It framed modern FX TCA as a core strategic tool for maintaining competitiveness in a decentralized market with dispersed pricing.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Warakirri Asset Management Ltd. published the original content used to generate this news brief on August 18, 2026, and is solely responsible for the information contained therein.