In light of the best execution requirements under MiFID II and potential implementation of similar requirements in other jurisdictions, TRAction developed a Best Execution Monitor and services to help our clients comply. The overarching best execution obligation requires investment firms to take all sufficient steps to obtain, when executing orders, the best possible result for their clients taking into account price, costs, speed, likelihood of execution and settlement, size, nature and any other consideration relevant to the execution of the order.
Our Best Execution Monitor is a smart system which collects, analyses and compares your transaction data against market data to identify where the execution received by clients is outside of your execution parameters. We also anticipate that similar requirements will be rolled out to other jurisdictions such as Australia, Singapore and Hong Kong in 2020 and beyond.
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Under MiFID II, investment firms (IFs) are required to publish their RTS 27 quarterly and RTS 28 annually. It’s quite well known that the preparation of the RTS 27 report can be difficult. Many IFs have struggled and sought our assistance. We provide complimentary assistance with preparing these reports if you sign up for our best execution monitoring services.
MiFID II extends the derivative transaction reporting obligations of MiFID to a larger group of businesses. Read More
EMIR requires all market participants to report details of all derivative contracts (interest rate swaps, FX, credit, equity and commodity) to Trade Repositories. Read More
Find out more about the requirements for Australian OTC derivatives reporting under the ASIC regime. Read More
Find out more about the requirements for Singaporean OTC derivatives reporting under the MAS regime. Read More