TradingTech Insight Best Execution & TCA The latest content from across the platform

Intelligent Trading Summit Tracks Developments in Best Execution

Best execution, smart order routing and finding liquidity were under the spotlight during a panel session at A-Team Group’s recent Intelligent Trading Summit in New York City. So too, was the SEC’s ‘maker taker’ pilot designed to generate data that will provide the Commission and market participants with information to facilitate an informed, data driven discussion about…

A-Team Group Reveals Winners of 2018 Intelligent Trading Technology Awards

The winners of this year’s A-Team Group Intelligent Trading Technology (ITT) Awards have been revealed, with winning solution and service providers named across categories from best cloud-based trading environment to best trading analytics platform and best consolidated market data feed. Consultancy categories covered best specialist trading technology consultancy and best specialist market data consultancy. A…

BNP Paribas Offers Buy-Side Clients Fidessa-Based Derivatives Workstation By Uri Inspector, Staff Reporter

Fidessa has signed a distribution partnership with BNP Paribas to make its GT platform available to the bank’s institutional clients. Under the agreement, BNP will distribute Fidessa’s futures and options order management system as part of as Cortex Listed institutional trading platform to buy-side clients across all regions. The partnership results from increasing demand from…

TORA Partners Trax to Support MiFID II Trade and Transaction Reporting

TORA has extended its provision of MiFID II solutions through a partnership with Trax, the European market data division of MarketAxess. The partnership will combine TORA’s order and execution management system (OEMS) with the Trax regulatory reporting engine to provide users with straight through processing for the trade and transaction reporting requirements of MiFID II….

SEB Selects Itiviti and ULLINK for Systematic Internaliser Solution

Nordic financial services group SEB has selected recently merged Itiviti and ULLINK to implement a solution for client quote management and systematic internalisation as required by Markets in Financial Instruments Directive II (MiFID II). The solution allows a broker acting as a Systematic Internaliser (SI) to comply with MiFID II requirements addressing quote management, pre-trade…

TORA Introduces AlgoWheel to Help Firms Create Systematic Best Ex Processes

TORA has introduced an AI-powered AlgoWheel designed to help firms create scalable and systematic best execution processes in line with the requirements of Markets in Financial Instruments Directive II (MiFID II). The TORA AlgoWheel is a quantitative execution strategy optimiser that uses AI technology to automate low-touch order execution or provide real-time market intelligence for…

MiFID II Data Management: Where Are We Now?

Winston Churchill probably doesn’t spring to mind when considering Markets in Financial Instruments Directive II (MiFID II), but his famous Battle of El Alamein description – “This is not the end, it is not even the beginning of the end, but it is, perhaps, the end of the beginning” – fits the new EU regulation…

Fidessa Adds Tower Research Capital to its Intelligent SI Liquidity Program

Fidessa has added Tower Research Capital to its Intelligent SI Liquidity Program, helping users of its access architecture and smart order routing capabilities meet the liquidity challenges presented by Markets in Financial Instruments Directive II (MiFID II). Tower uses a diverse set of trading strategies across a broad range of asset classes to provide liquidity…

MiFID II: Unfinished Business

Generic data issues and specific structural issues caused by the implementation of Markets in Financial Instruments Directive II (MiFID II) continue to challenge traders and brokers, despite the regulation’s relatively smooth debut on January 3, 2018 – the so-called ‘Day of the MiFIDs’. The pain points highlighted by an expert panel (see box) discussing the…

Testing Times for Algo Trading

When the EU’s wide-ranging Markets in Financial Instruments Directive II (MiFID II) regulation came into force on January 3, 2018, traders did their best to deliver on its transparency demands and ensure they provided best execution on every trade in Europe, across all asset classes. But in justifying their actions to regulators and clients, firms…