Improving Trust

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Execution quality analytics for today’s complex market

S3 is a financial services software company that provides customized solutions to monitor and analyze trade execution for options, equities, and fixed income securities.  The Company’s customizable software platform provides clients with the data necessary to understand those factors impacting best execution in today’s fragmented market landscape.  Additionally, S3’s market structure analysis tools include regulatory reporting capabilities that allow customers to better comply with regulatory mandates, enhancing transparency and ensuring a fairer trading environment.

Best Execution Analytics

Reporting and trade exception management solutions that optimize trade execution, streamline the search for price improvement, and simplify regulatory reporting compliance.

Buy-Side Execution Quality Suite

Advanced trading analytics functionality, order execution transparency and Transaction Cost Analysis (TCA) specifically for institutional clients.

Canadian Best Execution Quality Suite

Reporting and trade exception management solutions that optimize trade execution, facilitate order routing analysis, and provide insight on execution quality arising from differing market conditions between the U.S. and Canada.

Complex Option Spread Best Execution

Monitor and analyze complex spread transactions in order to achieve best execution and price improvement.

Bespoke Solutions

Our software engineers have extensive experience implementing and integrating with complex products, including everything from OMS and EMS platforms to automated high speed trading systems.

Regulatory Reporting Suite

Advanced analytics tools for SEC Rules 605, 606, 611 and Regulation SHO.

About Us

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.

In the News

S3 Unveils FX-Aware Best Execution Platform

AUSTIN, Texas, May 9, 2018 /PRNewswire/ — S3 (“the Company”), a financial services software company providing innovative solutions to monitor and analyze trade execution for equities, options, and fixed income securities, today announced the launch of its FX-Aware (FXA) Best Execution Analytics platform, designed to provide cross-border order flow analytics between any two countries. By using the exact exchange rate available at the time of order placement and trade along with the price of execution in either currency, S3’s FXA compares the execution to the market availability in both countries.

S3 developed the FX-Aware Best Execution Analytics platform to fit the unique needs of clients trading cross-border order flow. FXA allows S3 customers to determine the execution quality of their cross-border executions versus the quoted market in both countries. The platform factors order and trade information for each potential cross-border trade, whether conducted in the foreign market or the domestic market, along with the FX rate available to the customer at order and trade time. FXA then compares each real execution against a theoretical execution for an equivalent trade in the other market. Additionally, the platform works with any equivalent security, including dual-listed, interlisted, ADRs and over-the-counter secondary listings. This depth of analysis provides critical information that firms use to understand in which market they will truly achieve best execution, and thereby make more informed cross-border trading decisions that factor in liquidity, price, size and currency fluctuations.

Mark Davies, CEO of S3, commented on today’s news, “Our FXA platform provides cross-border trading firms with greater transparency into those factors impacting cross-border execution destinations, allowing them to adjust their trading strategies to truly achieve best execution for themselves and their clients. I am proud to continue to provide innovation and transparency for the global trading landscape, thereby improving trust and promoting a fairer and better trading environment for all.”

The Company also disclosed today that it has signed a large Canadian cross-border broker-dealer to be the first to utilize FXA. The platform will initially be in use to provide analytics for execution in the Canadian market versus the US market, but the Company has plans to roll out in other foreign markets as well. The new client adds to S3’s impressive roster of Canadian bulge bracket banks and broker-dealers, as the Company continues to expand its global reach.

Mr. Davies continued, “The platform provides significant value to our substantial and growing Canadian customer base. As we continue to grow and expand our global operations, FXA will undoubtedly be a key driver for understanding and promoting cross-border order flow. Although we are beginning with the platform in the US and Canadian markets, it has been built to easily scale and to be replicable in other foreign markets.”

For more information please visit: www.S3.com.

About S3
S3 is a financial services software company that provides innovative 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.

Contact:
Jay Morakis (for S3)
M Group Strategic Communications
+1.646.417.8514
jmorakis@mgroupsc.com

S3 Enhances Best Execution Analytics Platform with Equities Execution Efficiency Functionality

New feature provides deeper insights into equities liquidity capture for every order

AUSTIN, TEXAS April 19, 2018S3 (“the Company”), a financial services software company providing innovative solutions to monitor and analyze trade execution for equities, options, and fixed income securities, today announced that it has enhanced its Best Execution Analytics platform with the addition of equities execution efficiency functionality.  This cutting-edge feature builds on the Company’s already robust equities execution offering to provide clients with even more granular and impactful analytics capabilities.

The enhanced Best Execution Analytics platform now allows S3 customers to determine the execution efficiency of their large equities orders by analyzing what percentage of available liquidity they are able to capture, and how much of each order is filled.  Specifically, the equities execution efficiency functionality allows clients to view the total number of shares available at the NBBO, across all exchanges, and to measure what percentage of available shares are executed for a given order.  This depth of analysis provides invaluable summary information, which is critical for customers to achieve best execution, make more informed trading decisions and remain fully compliant with associated regulations.

Mark Davies, CEO of S3, commented on today’s news, “We have complemented our innovative Best Execution Analytics platform with the addition of equities execution efficiency functionality in order to provide a deeper level of insight than has historically been available.  The enhanced platform provides significant value to our customer base and furthers S3’s longstanding history of innovation in providing critical execution insight, thereby improving trust by promoting a fairer trading environment.  The new equities execution efficiency capabilities demonstrate our commitment to enhancing transparency in the securities markets.”

S3’s Best Execution Analytics platform enables clients to conduct comprehensive execution quality analysis, examine historical prices and orders, and compare their executions against other trades in the market.  Additionally, it simplifies the reporting process, allowing customers to better comply with regulatory mandates including SEC Rules 605 and 606.  The platform enables clients to navigate today’s often convoluted market structure, and attain more detailed insights on their equities orders by analyzing a multitude of different market scenarios across the growing number of available execution venues.

Davies concluded, “S3 continues to cement its position as the leading provider of execution quality analytics and regulatory compliance tools not only for equities, but also for options and fixed income securities.  We look forward to unveiling additional enhancements to our software platform in the coming months as we constantly strive to provide our customers with the most impactful tools available to achieve best execution, optimize trading and remain compliant.  We look forward to onboarding additional customers to our analytics platform and to enhancing our product suite on an ongoing basis.”

For more information please visit: www.S3.com.

About S3

S3 is a financial services software company that provides innovative 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.

Contact:

Jay Morakis (for S3)

M Group Strategic Communications

+1.646.417.8514

jmorakis@mgroupsc.com

S3 Signs Major Mutual Fund Company to Options TCA Platform

New buy-side customer to gain critical market insights by leveraging S3’s superior options best execution and trade cost analysis solution

AUSTIN, TEXAS January 10, 2018S3 (“the Company”), a financial services software company providing innovative solutions to monitor and analyze trade execution for options, fixed income securities, and equities, today announced that it has signed a large, United States-based mutual fund company as a customer utilizing its Options TCA platform.  This cutting-edge software solution provides S3’s clients with unmatched transaction cost analytics capabilities so that they may better identify, and achieve, best execution on their options orders.

Options TCA enables clients to analyze a multitude of different market scenarios, including the ability to compare volume, available liquidity, and spread size in order to determine those factors impacting best execution across the growing number of available execution venues.  S3 has been the market leader in options execution quality and transaction cost analysis for years, and has leveraged its expertise to continually enhance Options TCA based directly on client feedback.  The platform enables customers to conduct midpoint and spread separation analysis, as well as “tweener” reporting, providing clients with critical intelligence so that they may adjust their trading strategies to achieve optimal results.  Additionally, the platform allows customers to determine the best execution efficiency of their larger options orders by analyzing what percentage of available liquidity they are able to capture, and how much of each order is filled.

Mark Davies, CEO of S3, commented on today’s news, “We are thrilled to now count such a distinguished firm among our growing customer base, and believe this to indicative of the cutting-edge best execution analytics and reporting solutions we provide via Options TCA, with particular benefit to the buy-side.  We are committed to enhancing transparency across asset classes and for all market participants, and Options TCA supports this mission while enabling our customers to analyze, and optimize, their trading operations at an in-depth level.  The platform provides substantial value to our customer base and simultaneously improves trust in the options market.”

The recent buy-side customer win represents S3’s ongoing success as the premier provider of best execution and transaction cost analytics across asset classes.  The Company’s client base of institutions, broker-dealers, exchanges, market makers and banks continues to grow, demonstrating the unmatched efficacy of its analytics tools for options, equities, and fixed income securities.  Options TCA is only one solution offered as part of S3’s software suite, and the Company provides market participants of all types with analytical solutions that offer unmatched insights into execution quality and order flow, facilitate regulatory compliance, streamline operations, and more.

Mr. Davies concluded, “Options TCA arms our clients with the information and analysis necessary to navigate today’s often convoluted market structure, achieve best execution, and remain fully compliant with pertinent regulations.  Our proprietary software delivers actionable intelligence, ease of reporting functionality and greater transparency into those factors impacting execution quality and price improvement, and we are proud to deliver these solutions to our growing customer base.  We look forward to onboarding additional customers across both the buy-side and sell-side as we strive to provide our clients with the most impactful tools available.”

For more information please visit: www.S3.com.

About S3

S3 is a financial services software company that provides innovative 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.

 

S3 Expands Partnership with BOX Market LLC

AUSTIN, TEXAS September 13, 2017S3 (“the Company”), a financial services software company providing innovative solutions to monitor and analyze trade execution for options, fixed income securities, and equities, today announced an expanded partnership with BOX Market LLC (“BOX”).  The Company will now provide BOX with additional, proprietary analytics solutions built upon insights garnered during the firms’ three-year-plus engagement.

S3 has created a portal specifically for BOX that enables the exchange to examine its participant’s trading activity and execution quality at a more in-depth level.  The Company has been providing BOX with execution quality reports since 2014, reports that are critical as they provide participants with deeper insight into the execution quality of their options orders transacted with BOX.  Building on the two firms’ trusted partnership, the new portal created by S3 provides BOX with more detailed information that enables it to help customers maximize their trading potential.  S3 will continue to advance its data reporting solutions for BOX in order to further simplify its back office reporting operations, as well as to provide a layer of intuitive monitoring so that BOX can determine its competitive position in the marketplace.

Mark Davies, CEO of S3, commented on today’s news, “We are excited to have expanded our relationship with BOX by providing even more advanced analytics and reporting solutions.  BOX shares our commitment to enhancing transparency in financial markets, and I believe that the unique insights we provide for the firm furthers our mission of improving trust in the securities industry.  These solutions are especially critical as regulatory entities increase their oversight of all market participants, including exchanges.”

Ed Boyle, CEO of BOX Market LLC, commented, “The new portal that S3 created for BOX allows us to quickly and easily create reports that offer critical insights into the execution quality of trading activity taking place on our exchange.  This tool integrates seamlessly into our existing systems and facilitates analysis of participant data at a much more detailed level.  We are very pleased with the portal and use it every day, and have enjoyed deepening our longstanding relationship with S3, which shares our commitment to market efficiency and transparency.”

S3 provides exchanges and other market participants with analytical solutions that offer unmatched insights into execution quality and order flow, facilitate regulatory compliance, streamline operations, and more.  Among other recent and major enhancements to its product offerings, the Company launched its Options Best Execution 2.0 platform in May 2017.  This cutting-edge software offering enables clients to attain more detailed insights on their options orders by analyzing a multitude of different market scenarios, including the ability to compare volume, available liquidity, and spread size.  Additionally, S3 has incorporated midpoint and spread separation analysis into the platform, as well as improved “tweener” reporting, intelligence that is critical for users to more effectively navigate today’s often convoluted market structure and determine the true execution quality of their orders.

For more information please visit: www.S3.com.

About S3

S3 is a financial services software company that provides innovative 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.