About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

TORA Delivers AI Tool Designed to Help Traders Meet MiFID II Best Execution

Subscribe to our newsletter

Investment solutions supplier TORA has developed a pre-trade analytics solution that uses artificial intelligence (AI) to help trading firms meet the best execution requirements of Markets in Financial Instruments Directive II (MiFID II). TORA is offering the tool as part of its cloud-based order and execution management system (OEMS), enabling traders to monitor costs across the lifecycle of a trade and improve investment decision making.

TORA says its solution moves beyond traditional transaction cost analysis (TCA) to accurately estimate price slippage for trades before they enter the market. The solution examines the core attributes of orders – such as spread, volatility and volume consumption – using a library of historical, global market data. From this, it estimates the market impact of using any broker and algorithm combination, helping traders decide the best place to send their orders. Its estimation precision increases over time, through machine learning algorithms that continuously capture new order data as it comes in, and a neural network that is trained using real-time and historical data.

David Tattan, head of European business development at TORA, says: “MiFID II raises the bar for traders to deliver and demonstrate best execution to investors and regulators. Automation and AI will play an important part in helping them keep up with market complexity and a proliferation of information to process.”

As well as the AI TCA tool, TORA offers in-trade and post-trade TCA products that are available on live interactive dashboards and in blotters. The company also supports best execution via integration with OTAS and a range of broker algorithms.

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: Agility as Alpha: How Trading Infrastructure Determines Who Wins in Volatile Markets

Date: 21 May 2026 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes Tariff shocks, geopolitical realignment and macroeconomic regime shifts are redrawing the investment landscape faster than most firms’ technology stacks can keep up. For hedge funds and asset managers, the ability to move quickly into new asset classes, geographies or...

BLOG

LSEG and Bank of America Target AI-ready, Governed Data Integration in Multi-Year Partnership

London Stock Exchange Group (LSEG) and Bank of America have agreed a multi-year strategic partnership centred on embedding governed, AI-ready data and analytics directly into the bank’s core workflows. Rather than a distribution agreement focused on access, the collaboration reflects a broader architectural shift: integrating unified, rights-cleared content, analytics and risk intelligence across advisory, trading,...

EVENT

Eagle Alpha Alternative Data Conference, Spring, New York, hosted by A-Team Group

Now in its 9th year, the Eagle Alpha Alternative Data Conference managed by A-Team Group, is the premier content forum and networking event for investment firms and hedge funds.

GUIDE

Impact of Derivatives on Reference Data Management

They may be complex and burdened with a bad reputation at the moment, but derivatives are here to stay. Although Bank for International Settlements figures indicate that derivatives trading is down for the first time in 10 years, the asset class has been strongly defended by the banking and brokerage community over the last few...