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.
Global multi-venue analysis
Customisable settings and parameters
Immediate access to all data in TZ
Preset and bespoke reports
Large-volume data handling
Intuitive workflow including exclusion-based alert generation
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