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.
