itero launched
March 21, 2005
GSCS Information Services Limited today announced the formal launch of its new itero on-line reporting service. Institutional Trade Execution Review On-line is provided at no charge to investment manager and pension fund clients using GSCS transaction cost analysis services. Itero allows clients to view information about their trading performance against more than twenty-five different benchmarks and analyse performance using an almost unlimited range of perspectives through a simple web application. Using state of the art database and internet technology the new service offers greater flexibility and timeliness in reporting as well as providing clients with more secure access.

Commenting on the new service Robert Kay, Managing Director of GSCS said “Twelve months ago we decided that our old “Hypercube” service was not going to be able to keep up with the rapidly evolving needs of clients for more sophisticated analysis. We needed a fresh start using better technology and a superior design architecture. Itero incorporates everything we have learned in the five years since GSCS became the first transaction cost analysis provider to offer on-line access to data in 2000. “

It is expected that all existing clients of GSCS will migrate over to the new system during the course of the next six months. Itero will form the basis for all future reporting including that for Fixed Income securities, a service recently introduced by GSCS, and other instruments such as foreign exchange and derivatives.