Winterflood Securities has chosenIntelligent Financial Systems Limited’s (IFS)LiquidMetrix Best Execution/TCA platform to independently verify the quality of its execution services.
The LiquidMetrix product suite provides access to a consolidated multi-year trade and full-depth order book history covering instruments traded in Europe on primary exchanges, multilateral trading facilities (MTFs) or reporting venues. With the LiquidMetrix platform, firms can quickly analyze the relative trading performance of their trade flow versus individual or multiple trading venues, according to the release. Electronic liquidity providers such as Winterflood, can measure potential price improvement of every executed trade versus any individual or group of European execution venues using either ‘depth-weighted’ or ’touch’ reference prices.
“Analyzing Winterflood’s trade flow has been very interesting, comments Sabin Touson managing director of IFS,in the releae. “Whilst most of our clients analyze their own orderbook flow in order to measure the performance of their smart order router, Winterflood also uses it to measure how much improvement they offer their clients versus the chosen benchmark,” stated Touson in the release.
Phillip Yarrow, director of electronic trading at Winterflood Securities, in the release, said, “The IFS LiquidMetrix is BestExecution service is an incredibly powerful and valuable tool which allows us to quickly and accurately quantify the high levels of execution services which we offer to our diverse client base.” Winterflood is able to validate its execution quality over hundreds of thousands of client trades each month, Yarrow said in the release, noting this is key but added, “(O)f equal importance to us is being able to share these independent results with our customers.”
Ivy is Editor-at-Large for Advanced Trading and Wall Street & Technology. Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in the capital markets. As an industry expert, Ivy has reported on a myriad ... View Full Bio