EURONEXT Selects Strategic Insight’s Liquidmetrix for Its Best Execution & Analytics Platform
Euronext – Amsterdam, Brussels, Lisbon, London and Paris – Euronext, the leading pan-European exchange in the Eurozone, today announced that it has selected Strategic Insight’s LiquidMetrix – the industry leading solution for best execution, transaction cost analysis (TCA) and surveillance services- as best execution analytics platform for its equity, ETF and derivatives products. Euronext will be using LiquidMetrix to help its clients demonstrate best execution and provide them with valuable insights for their multi-asset trading activity.
By choosing LiquidMetrix Euronext wants to address the growing challenges in Europe presented by market fragmentation, increased enforcement of best execution and ongoing regulatory change. Euronext therefore recently established a new Quant Research function, to strengthen its analytical capability and help clients with valuable insights into their trading behavior. Moreover it has introduced Best of Book, Euronext’s next generation best execution service, to deliver the benefits of competition to end investors. For all of this Euronext chose the LiquidMetrix solution. The proprietary software includes regulatory reporting capabilities allowing customers to better comply with regulatory mandates such as MiFID II. It offers customers the ability to conduct analysis across a variety of metrics for each trade and provides tools to measure and understand the factors impacting best execution across all venues.
“Our clients are facing significant challenges in demonstrating how best execution is achieved in an increasingly complex market environment”, said Lee Hodgkinson, Head of Markets and Global Sales at Euronext.” 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.”
“The signing of Euronext continues LiquidMetrix’s ongoing growth as the independent best execution solution for its client base of investment managers, banks, broker-dealers, exchanges, regulators and market makers,” Henry Yegerman, LiquidMetrix Global Head of Sales, Strategic Insight, commented. “LiquidMetrix clients are able to distinguish the execution quality of their orders from overall market conditions, which is critical in order to navigate today’s complex market structure. We have enhanced our best execution platform to meet all the current and upcoming regulatory and business intelligence requirements of our clients. We look forward to partnering with Euronext to help add value and further transparency of in depth analytics to all members of the financial community.”
Streaming blocks change the basis of matching and price discovery so institutions can find new liquidity.
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Innovation in displayed markets is important as off-exchange volumes are rising.
The new service will help improve execution quality assessment across brokers.
There will be significant improvements in the process and result of TCA & best execution reports.