Our advanced TCA & Best Execution platform has revolutionized operational efficiency, enabling users to generate customized reports on a specific order flow in a matter of seconds. With significant improvements in traceability and data quality management, this solution is essential for any entity seeking to optimize its execution performance
Transaction Cost Analysis (TCA) reporting
MiFID II compliance: The platform is designed to help entities comply with MiFID II regulatory requirements, there-by ensuring a comprehensive and accurate analysis of transaction costs.
Universal compatibility: Fully compatible with any front office system, it is not only available to SIX Financial Information clients, but also to firms that operate with other vendors and can provide an execution file.
Confidentiality guaranteed: Our services are underpinned by the BME confidentiality standards, ensuring protection for all sensitive data.
Broker neutrality: We offer an impartial evaluation of execution quality, without favoring any particular broker.
Affordable and accessible reports: We provide detailed reports at competitive prices, which helps entities to acquire a deep understanding of the implicit costs of their operations in various markets.
Through the TCA service, you will receive periodic reports (in PDF format) on the destination and execution quality of your order flows, with breakdowns according to market, client, trader, and broker. This enables you to identify which brokers offer best execution and understand the implicit costs that impact your clients.
Best execution reports
Our Best Execution Reports are designed to facilitate compliance with MiFID II regulations on execution quality, which affects Investment Firms that mediate client orders, either as final executors or order transmitters.
For orders where the entity acts as the final executor, the reports provide:
Breakdown according to asset: Detailed information on the TOP 5 VENUES where the entity trades each type of asset.
Market quality analysis: Evaluation of the quality of execution in the markets where the entity operates, as well as in other potential markets.
Detailed monitoring: Exhaustive monitoring of quality of execution, considering the total consideration for the client.
These reports provide entities with customized statistical data that enables them to establish or adjust their best execution policy and thus to ensure compliance with MiFID II requirements.