Best Execution Solutions

Learn more about our best execution solutions. All our solutions come with free proof of concept. For more information, click the button below.

Exception Based Testing

Set your own benchmarks and parameters. Any transaction that doesn’t meet your criteria will generate an alert which you can examine.

Customisable Parameters

TZ’s settings and test parameters are entirely customisable, giving you complete control over the alerts you see. 

Global Multi-Venue Analysis

Market data is collected from over 250 global sources by our partner ICE (Intercontinental Exchange) data services.

Preset and Bespoke Reports

TZ offers a wide range of best execution reports, including RTS 27 and RTS 28 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, allowing you to access all your data at the click of a button.

Best Execution for Modern Markets

Best Execution requirements state that traders, brokers, investment firms and execution desks must consistently achieve the best possible results when trading on behalf of their clients. The sheer number and variety of global regulations that enforce this concept can be almost impossible to keep track of. Our best execution solutions can help.

When the first Markets in Financial Instruments Directive (MiFID) was implemented by the EU, firms were forced to take ‘all reasonable steps’ to deliver the best possible result for clients. That remained true until MiFID II was implemented in January 2018. In RTS 27 and RTS 28, MiFID’s best execution standards were strengthened further. Today, if firms wish to comply with MiFID II best execution guidelines, they must take ‘all sufficient steps’ to deliver the best result for clients. You can read pdf versions of RTS 27 and 28 here and here.

Under these stricter regulations, your firm needs an intuitive, up-to-date and comprehensive best execution solution. TZ can provide just that.

eflow’s TZ system can provide bespoke solutions for all varieties of financial firm. The flexibility of TZ enables firms to define their own parameters and logic when implementing best execution policies. It also allows firms to provide a practical demonstration to their clients of the efforts being made to reach MiFID II compliance.

Instant analysis of millions of trades against a number of benchmarks is just one of the benefits your firm will get from TZ. It also provides unparalleled flexibility: totally customisable parameters and the ability to compile bespoke reports set it apart from other best execution software solutions currently on the market.

MiFID III – How Regulatory Bodies Can Improve On MiFID II

REGULATORY MiFID III - How Regulatory Bodies Can Improve On MiFID II It has now been two years since MiFID II was first implemented, and its impact on investors and the markets more generally is gradually becoming clearer.  With this clarity comes a greater understanding of how some of the more...

Fifth Of UK Fund Managers Admit To Inaccurate Reporting

Fifth Of UK Fund Managers Make Reporting Errors to FCA According to data obtained under an FOI request by Duff & Phelps, approximately one-fifth of all UK fund managers are guilty of making errors in their transaction reporting to the Financial Conduct Authority (FCA).  These errors have been...

ESMA Updates Q&A On Investor Protection

ESMA Updates Q&As on MiFID II and MiFIR Investor Protection & Intermediaries ESMA has updated its questions and answers on the implementation of investor protection topics under the Markets in Financial Instruments Directive and Regulation. On December 4th, the European Securities and...

LME Requests Six-Month Delay to Telephone Trading Compliance

LME Requests Six-Month Delay to Telephone Trading Compliance The London Metal Exchange (LME) has stated that it will take an extra six months to ensure that trades made via telephone are compliant with new transparency requirements implemented as part of MiFID II.  The European Securities and...

MiFID II Unbundling Relief Period Extended to 2023 by SEC

MiFID II Unbundling Relief Period Extended to 2023 by SEC The US Securities and Exchange Commission has granted a three-year extension to the MiFID II relief period for American firms. The SEC will allow US brokers to continue bundling execution and research payments for another three years. In...

covered asset classes

With TZ, you won’t need to worry about the possibility of incompatible asset classes. The diagram below indicates what asset classes are covered by the TZ system. If you’d like to see more asset classes included, feel free to call us at +44 (0) 207 101 4493

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