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Best Execution regulations can be complicated.
TZ is here to help.
TZ is our trade surveillance software. It’s built with PATH – the platform we use to power all of our solutions. Here are a few of the things it can do.
Exception Based Testing
Set your own benchmarks and parameters. Any transaction that doesn’t meet your criteria will generate an alert which you and your compliance team can examine.
TZ’s settings and test parameters are entirely customisable. You’ll have complete control over the alerts you see.
Global Multi-Venue Analysis
Reference and market data is collected from over 250 global sources through our market data partners.
Preset and Bespoke Reports
TZ offers a wide range of best execution reports. This includes RTS 27 and RTS 28 reporting functionality.
Large Volume Data Handling
TZ can ingest and process extremely large volumes of data. Millions of trades can be processed every day.
Immediate Access to Data
Reports can be compiled at any time and for any date range. This means you can access all of your data at the click of a button.
MiFID II and Best Execution
Best execution regulations ensure that clients get the best possible result from traders, brokers, investment firms and asset managers.
In 2018, ESMA introduced a new regulatory framework called MiFID II (Markets in Financial Instruments Directive II). MiFID II introduced new, stricter best execution guidelines. Firms are legally obliged to take ‘all sufficient steps’ to deliver the best result for clients.
Covered Asset Classes
You don’t need to worry about incompatible asset classes with TZ. These are the asset classes TZ can process.
Global exchange trade CASH equties. Exchange-traded derivatives thereof.
FX spot, FX forwards and FX swaps.
FX, Indicies, Equities & Commodities.
US treasuries, US agencies, US corp, EMEA & APC