AUSTIN, TX–S3 (“the Company”), a financial services software company that provides customized solutions to monitor and analyze trade execution, today announced that it has signed TradeStation Securities, Inc. (“TradeStation”) to its best execution analytics platform for both equities and options. The signing represents the Company’s ongoing growth as it continues to expand its client base of retail brokers, banks, institutions, broker-dealers, exchanges and market makers.
S3’s Best Execution Analytics platform provides clients with the data necessary to understand those factors impacting best execution in today’s fragmented market environment. Additionally, the proprietary software includes regulatory reporting capabilities that allow customers to better comply with regulatory mandates, including SEC Rule 605 and 606. TradeStation is the third major retail broker that S3 has added to its client base in 2016 alone, and the Company continues to expand its staff and increase its back-end bandwidth in order to support this growth, ensuring complete and uninterrupted service for all clients.
Mark Davies, CEO of S3, commented on today’s news, “We are excited to now count TradeStation among those clients utilizing our software suite to monitor best execution for both equities and options. Utilizing our software, 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. Our market structure analytics tools are fully customizable, and we have enhanced the Best Execution Analytics platform to meet the unique needs of TradeStation. We continue to improve the functionality of our software on an ongoing basis, while helping firms to achieve best execution and regulatory compliance through detailed data analysis.”
Kyle Goad, Director of Brokerage Services at TradeStation Securities, Inc., commented, “S3’s Best Execution Analytics platform allows us to analyze our equities and options trades against a wide set of data, and this level of granularity will be crucial as we look to achieve the highest degree of execution quality for our clients. S3 has already optimized the platform based directly on our feedback, and we look forward to utilizing the Best Execution Analytics platform to support our unique trading requirements.”
S3’s market structure analysis tools are implemented to the exact specifications of each client from the outset of engagement, providing customers with the exact reporting capabilities that best suit their business. Whether for transparency into those factors impacting best execution or to support regulatory reporting compliance, the Company’s software solutions simplify the order management process, opening the door to better trade execution. S3 has tailored its Best Execution Analytics platform according to the unique goals of TradeStation, and will continue to optimize the functionality of its software for the firm on an ongoing basis.
Mr. Davies concluded, “The customizability of our software platform is one of the pillars of our services model, as we have always sought to support every client’s unique execution analytics requirements. We offer our customers the ability to conduct multiple comparisons across a variety of metrics for each data set, allowing them to understand those factors impacting best execution at a deep level. We look forward to providing TradeStation with the exact analytical and information that best suits the firm’s trading goals, and continue to grow internally as we expand our client base across a variety of market participant categories.”
For more information please visit: www.S3.com.
S3 is a financial services software company that provides customized solutions to monitor and analyze trade execution, facilitate transparency, and simplify regulatory compliance for options, equities, and fixed income securities. The Company’s products are used today by many of the world’s largest financial institutions, broker-dealers, exchanges, bulge bracket and retail banks, and market makers to deliver market structure analytics and best execution reporting. S3 leverages its proprietary software to provide third-party trade verification and optimize trade execution for both the U.S. And Canadian markets.