Euronext has announced plans to implement Strategic Insight’s LiquidMetrix best execution analytics platform for its equity, ETF and derivatives products.
LiquidMetrix’s best execution analytics platform provides transaction cost analysis and surveillance tools to help its users prove best execution under MiFID II regulation.
Euronext said the platform will help the pan-European exchange “address the growing challenges in Europe presented by market fragmentation, increased enforcement of best execution and ongoing regulatory change.”
Lee Hodgkinson, head of markets and global sales at Euronext, explained Euronext’s clients are facing significant challenges in demonstrating how best execution is achieved in an increasingly complex market environment.
“By choosing the LiquidMetrix solution, we can assist market users with meaningful independent research and analysis. LiquidMetrix’s expertise in European market structure will play an important role in achieving this goal and we are delighted to be partnering with them,” he said.
Henry Yegerman, global head of sales at LiquidMetrix, added that the platform’s users are able to distinguish the execution quality of their orders from overall market conditions.
“We have enhanced our best execution platform to meet all the current and upcoming regulatory and business intelligence requirements of our clients,” he said.
Euronext recently announced the launch of its best execution solution ahead of the MiFID II deadline in January 2018.
The ‘Best of Book’ tool aims to provide users with price improvement on over 550 stocks listed on Euronext markets, traded through the exchange’s central order book.
LiquidMetrix is owned by Strategic Insight, which publishes The TRADE.