Our approach to transaction cost management focuses on assisting traders and portfolio managers to identify actionable steps on a pre-trade and real-time basis that will reduce both the magnitude and variance of transaction costs. In addition, traders and portfolio managers receive information that helps them evaluate trends in transaction costs and areas of strength and weakness. Our approach is unique and based on proprietary research and tested against tens of thousands of actual orders. We avoid the usual pitfalls of the conventional top-down approaches.