Amsterdam, Brussels, Lisbon, London and Paris – 22 November 2016– 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 executionand 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.”
Notes to Editors
1. For more information on LiquidMetrix, please visit: www.liquidmetrix.com
2. For more information on Best of Book please visit: www.euronext.com/best-of-book
About Strategic Insight
Strategic Insight (SI) provides critical and proprietary data, business intelligence, research and marketing services to the global asset management community.
SI delivers full service solutions to the asset management sector worldwide, including investment flow data, advisor sales analysis, in-depth research, analytics, editorial content and events for investment managers, asset owners and custodians, plus Transaction Cost Measurement of over 500 million trades per month. Our clients include over 1000 of the most prominent names in the asset management industry, including 83 of the world‘s 100 largest fund managers. Strategic Insight delivers its products and services through four distinct divisions: SI Data, SI Research, SI Intelligence and SI Interactive. Its portfolio of leading editorial titles includes the well-recognized brands PLANSPONSOR, PLANADVISER, Chief Investment Officer, Global Custodian, and The Trade.
The company‘s headquarters are in New York with offices in Boston, Denver, San Diego, San Francisco, Stamford CT; London; Munich; Melbourne; Toronto and Vancouver. Strategic Insight is backed by Genstar Capital.
The LiquidMetrix solution from Strategic Insight delivers trade execution, quality analysis and market abuse detection services to Tier 1 banks, brokers, asset managers, exchanges and trading venues. The LiquidMetrix suite of services offers trading firms an independent assessment of best execution, transaction cost analysis and pre-trade cost prediction across fragmented global securities markets. Combined with a surveillance service to detect market abuse and a counterparty profitability measure to identify toxic flow on the other side of a trade, LiquidMetrix provides sell-side and buy-side clients with actionable intelligence to measure and improve trading performance.