Best Execution & Transaction Cost Analysis for Financial Services

Data Platform Trade oversight Comms Oversight Regulatory reporting Best execution & TCA Insights

MEET YOUR BEST EXECUTION REQUIREMENTS WHILE IMPROVING YOUR TRADING PERFORMANCE

MiFID II has dramatically increased the requirements for Best Execution. Firms now have to provide evidence they were acting in their clients’ best interests on all trades, requiring regular reporting and Transaction Cost Analysis (TCA). However, bringing together and storing the relevant data from multiple sources to achieve this can be both time consuming and onerous.

With SteelEye’s comprehensive and asset class agnostic Best Execution solution you can effortlessly meet your reporting requirements and carry out TCA to improve your trading performance. The solution builds on the SteelEye Data Platform and includes RTS 27 and RTS 28 reporting, and post-trade TCA.

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Best ex

RTS 27 AND 28 REPORTING

SteelEye's Best Execution package seamlessly brings together your trading data, complementing it with a range of independent market and reference data, before automatically building your quarterly RTS 27 or annual RTS 28 reports.

Reports can be easily reviewed and amended in the dashboard before being exported in CSV format, ready for you to publish on your website or another site of your choosing. As a result, compliance with your best execution reporting requirements is effortless, automatic and hassle-free.

Features

Seamlessly capture all your relevant Best Execution reporting data.
Automatically generate your RTS 27 and RTS 28 reports
Review, validate and export your reports in CSV format

TCA

SteelEye’s TCA seamlessly consolidates your data from a range of sources and automatically enriches it with external tick and reference data sourced from a range of international exchanges.

With all data under one lens, our TCA analyses your trading activity against a range of reference points, offering standardised metrics for internal assessment and comparisons against numerous industry benchmarks.

Features

Easily spot outliers from your mandatory Order Execution Policy (OEP)
Set up automated tests and alerts any time an execution is made outside of your tolerance levels

Quickly investigate trades executed outside of your OEP
Generate commercially valuable information on the best time, place and instrument

Best Execution compliance that just works

Automatically, Painlessly and Continuously

Benefits

Effortlessly compile RTS 27 & 28 reports

With SteelEye, you can quickly consolidate all order, trade and communications data, making RTS27 & RTS28 reporting effortless.

Improve your trading performance

Our TCA helps you better understand your trading performance and identify possible strategies for improvement.

Ensure execution quality

We keep checking your execution quality automatically in the background, ensuring you keep meeting your regulatory obligations.

HOW CLIENTS ARE USING STEELEYE'S BEST EXECUTION TCA:

Brokers compile their RTS27 and RTS28 reports effortlessly and cost-effectively.
Buy-side firms create customised alerts to identify early warning signals of breaches and to stay ahead of SM&CR.
Investment decision-makers compare and contrast their transaction costs across different asset-classes to drive enhanced performance.
Compliance officers investigate anomalies and outliers using SteelEye’s intuitive data dashboards.

YOUR DATA, YOUR SUCCESS

SteelEye enables you to Comply Smarter™ by meeting your regulatory obligations through a single platform. But with SteelEye you can do more than just comply. By consolidating systems and data, you gain unparalleled insight into your performance whilst saving both time and cost.