TZ Trade Surveillance Solutions
TZ is our award-winning trade surveillance software. It provides Best Execution, Market Abuse and Transaction Cost Analysis (TCA) solutions. Read more about TZ here, or get in touch to organise a free Proof of Concept. Get In TouchTHE THREE MAIN MODULES OF TZ
Best Execution
TZ’s best execution functionality is industry leading. It uses exception based testing to analyse client data against benchmarks and parameters that you can set yourself. This data is tested against reference and market data from over 250 global sources. RTS 27 and 28 functionality included.
Market Abuse
TZ offers over 15 tests and alerts that investigate different forms of market manipulation and insider trading. It can analyse unstructured data, compile instant reports, and give you access to all your trade data at the click of a button. As with all other TZ areas, you can also calibrate your parameters to suit your needs.
Transaction Cost Analysis
Winner of best Transaction Cost Analysis (TCA) Tool at the European 2020 TradingTech Insight Awards, TZ’s TCA functionality is second-to-none. It offers flexible benchmarking, large-volume data handling, preset and bespoke reports and global multi-venue analysis.
TZ Features and Benefits
Learn more about TZ - our comprehensive trade surveillance solution. 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
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, 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.
Hosted and In-House Solutions
Whether you're looking for an in-house or hosted solution, we can provide a flexible trade surveillance system to suit your needs.
Workflow Management
Generate audit trails, run management reports and set up a custom workflow - you have full control.
Visual and Statistical Data
Generate customisable charts and graphs to visually represent your data, or export tables as PDFs or Excel files.
The PATH Platform
PATH is the engine that powers eflow. Every one of our solutions is built using PATH. Always has been, always will be.
Put simply, it’s a collection of tools and functions built by our developers to be used in our solutions.
Every time one of our developers makes something new, it gets added to PATH for all of our clients to use. If you sign up for one of our solutions, you’ll be getting access to over 2 decades of development work – in just a couple of weeks.
The eflow Blog
Best Execution Reporting During the COVID-19 Pandemic
ESMA Releases Public Statement on MiFID II Best Execution Reporting During COVID-19 Pandemic The disruption to markets caused by preventative lockdowns in response to the Coronavirus pandemic has caused execution venues and firms a great deal of uncertainty with...
ESMA Publishes Opinions on Position Limits under MiFID II
Updated Opinions on Position Limits Under MiFID II Published by ESMA On February 7th, ESMA published seven opinions on position limits regarding commodity derivatives under MiFID II/MiFIR. The opinions published by ESMA agree with a number of proposed position limits...
Non-Compliance Fines Exceed $36 Billion Since 2008 Financial Crisis
Global financial institutions have been fined over $36 billion since 2008 At the close of the decade, global fines for non-compliance with Anti-Money Laundering (AML), Know your Customer (KYC) and sanctions regulations have exceeded $36 billion since the financial...
Covered Asset Classes
You don't need to worry about incompatible asset classes with TZ. These are the asset classes TZ can process.
Equities
Global exchange trade CASH equties. Exchange-traded derivatives thereof.
Foreign Exchange
FX spot, FX forwards and FX swaps.
CFDs
FX, Indicies, Equities & Commodities.
Debt Instruments
US treasuries, US agencies, US corp, EMEA & APC
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