BTIG Debuts Real-Time Trade Analytics Platform
BTIG, LLC has launched a real-time trade analytics platform for its TradeSaveâ„˘ – electronic trading clients. The new technology highlights venue utilization and generates critical trade metrics so clients can verify best execution. Its predictive analytics and post-trade data points help improve algorithm routing decisions and market timing selections for orders executed by BTIGâ€™s platform.
BTIG is increasingly investing in technology and other data visualization tools, which offer clients additional transparency into their executed orders. â€śAddressing the broader themes of the regulatory environment and the transparency mandates worldwide issued by MiFID II and the SECâ€™s amendment to Rule 606, we are continuing to develop better tools for clients to interact with us and the greater global market,â€ť said Anthony Brown, Co-Head of TradeSaveâ„˘. â€śThe platform provides clarity into client performance and offers users the ability to dynamically adjust their orders in real time.â€ť
Built by BTIGâ€™s team of financial engineers and available via the firmâ€™s proprietary client portal, the latest technology features the real-time feedback required to intelligently modify orders intraday. Whether clients are analyzing their trade diagnostics on their own or engaging with one of BTIGâ€™s electronic execution consultants to support them, BTIGâ€™s platform is helping users make more informed trading decisions. Metrics available include routing selections segregated by dark and lit venues, volume participation rate, pricing, spreads and performance versus benchmarks.
â€śDesigned for the specific needs of buy-side traders and portfolio managers, BTIGâ€™s real-time analytics platform allows clients to more efficiently monitor their trades and engage with coverage teams,â€ť said Joe Tartoni, Co-Head of TradeSaveâ„˘. â€śWe continue to offer what we believe to be a best-in-breed product tailored to the needs of institutional investors, and we feel confident that our clients will benefit from increased transparency.â€ť
TradeSaveâ„˘ is part of the firmâ€™s comprehensive suite of high-touch and low-touch trade execution options. Combining advanced technology with premier customer service, BTIGâ€™s TradeSaveâ„˘ division delivers highly-effective, state-of-the-art electronic trading solutions. Incorporating the latest in artificial intelligence and machine learning, BTIG provides proprietary liquidity-seeking strategies, benchmark algorithms, alpha capture strategies, smart order routing, as well as direct market access to all major North American exchanges and ATSs.
More than 15 sell-side and 20 buy-side firms have joined the platform.
Analytics will cover portfolio construction, pre-trade risk and post-trade performance attribution.
Virtu aims to help clients interact with markets more efficiently so they can mitigate risk and lower costs.
ESG is increasingly at the forefront of decision-making for investment managers and asset owners.
Users can manage cloud storage of client-specific liquidity streams and monitor rates across FX products.