TradingScreen, a provider of multi-broker, multi-product EMS trading platforms, has launched a suite of new services which it claims will help its clients comply with the impending best execution obligations under MiFID, and meet their own internal compliance and post-trade requirements.
According to TradingScreen, its new services assist clients in creating their own best execution policies, selecting appropriate execution venues or algorithms, and monitoring and reviewing policy results in a fully integrated fashion from the pre-trade market impact and latency to best execution analysis.
“A number of our buy side clients asked us to leverage our cross asset class capabilities, centralised and normalised database as well as our proven pre- and post-trade analytical capabilities to help them meet the new challenges of best execution under MiFID” says Philippe Buhannic, president and CEO of TradingScreen. “In response we are offering what is in effect a ‘MiFID in a Box’ high quality service that requires no installation, no developments and no complex database integration process.”
The new MiFID offering is part of TradingScreen’s TradeEMS suite of products, offered to the buy side to improve and automate the trading process.
“TradingScreen supports the full trade order management life cycle across all asset classes through efficient electronic linkage of buy and sell side traders,” explains Buhannic. “This gives us a perspective on how clients achieve best execution today. Using this knowledge will allow us to assist clients develop more formal best execution policies. New services will facilitate venue selection in the post MiFID environment. This will be further supported through new online reporting to provide flexible review and monitoring that can be used by all areas within the client organisation including compliance, trading and senior managers.”