Greenwich Dealing is set to leverage xyt and eflow’s regulatory solutions, as part of an effort to bolster the buy-side firm’s execution activity and compliance processes.
Specifically, the partnership sees xyt providing its transaction cost analysis (TCA) and execution intelligence to the outsourced dealing and execution services firm, in a bid to modernise Greenwich Dealing’s regulatory tech stack.
Meanwhile, eflow will integrate its trade surveillance technology, to provide structured oversight of pre- and post-trading activity and regulatory risk.
The combined solution is expected to boost Greenwich Dealing’s oversight of its execution quality, broker performance and regulatory compliance, as regulatory pressure on broker selection transparency and trade surveillance strategy roars louder across the industry.
Maxence Boniol, head of execution trading at Greenwich Dealing, said: “Our regulatory strategy demands both rigorous trade surveillance and granular analysis of execution outcomes. We selected eflow and xyt for the strength and breadth of their market data coverage, which gives us the depth of oversight required to monitor market abuse and best execution.
“Their flexibility further allows us to maintain the consistent, high-quality regulatory reporting that institutional execution services demand. Just as importantly, the granularity of their execution analytics enhances our ability to refine broker performance feedback and measure order impact across markets, sharpening the precision of our offering.”
Read more – The Big Interview: Greenwich Dealing’s Maxence Boniol
Through the shared strategic alignment, eflow and xyt will also form part of the European growth equity firm Finch Capital’s portfolio.
“We believe the future lies in bringing together execution intelligence and regulatory oversight,” said Robin Mess, chief executive at xyt.
“Greenwich Dealing recognised the value of combining xyt’s independent trading analytics with eflow’s surveillance expertise to create a more complete view of execution quality, broker performance and compliance. Together, we are helping firms make more informed decisions while maintaining the highest regulatory standards.”