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 Signs Leading U.S. Retail Bank to Its Best Execution Analytics Suite

AUSTIN, TEXAS July 13, 2017S3 (“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 signed a major, United States-based retail bank to its Best Execution Analytics Suite (“the Suite”) for equities.  The customer win represents the Company’s ongoing success as the premier provider of execution quality analytics across asset classes.

S3’s Best Execution Analytics Suite enables clients to conduct comprehensive execution quality analysis, examine historical prices and orders, and compare their executions against other trades in the market.  Additionally, the Suite simplifies the reporting process, allowing customers to better comply with regulatory mandates including SEC Rules 605 and 606.  S3’s client base of institutions, broker-dealers, exchanges, market makers and banks continues to grow, demonstrating the unmatched efficacy of its analytics tools for equities, options, and fixed income securities.

Mark Davies, CEO of S3, commented on today’s news, “We are excited to have added one of the largest retail banks in the U.S. to our Best Execution Analytics Suite, which will provide the new customer with intelligence that is critical to more effectively navigate today’s often convoluted market structure.  Utilizing our Suite, the client will be able to determine the true execution quality of their orders and adjust their trading strategies accordingly.  Our proprietary software delivers actionable intelligence, ease of reporting functionality and greater transparency into those factors impacting best execution and price improvement, and we are proud to deliver these solutions to our growing customer base.”

S3 has implemented major enhancements to its product offerings in the first half of 2017 to support the specific needs of its clients, and has unveiled expanded functionality beyond its industry-leading best execution analytics offering.  The Company recently launched its Options Best Execution 2.0 platform for options trade analysis, which enables clients to attain more detailed insights on their options orders by analyzing a multitude of different market scenarios, including midpoint analysis – an industry first.  Additionally, S3 recently enhanced its Fixed Income Execution Quality Suite with the addition of contra reporting functionality, which provides customers with greater insight into the trading activity of their counterparties.

Mr. Davies concluded, “Recent enhancements to our software platform further S3’s longstanding history of innovation as we seek to provide critical execution insight, enable our clients’ success and improve trust in the securities markets by promoting a fairer trading environment.  We look forward to onboarding additional customers to our analytics platform and to enhancing our product suite on an ongoing basis as we strive to provide our customers with the most impactful tools available to navigate today’s complex 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.

S3 helps buy side analyse counterparty performance

The Desk

July 10, 2017

S3 has added contra reporting functionality to its Fixed Income Execution Quality Suite in order to provide greater insight for clients into the trading activities of their counterparties

S3 Introduces Contra Reporting for Fixed Income Securities

Company augments Fixed Income Execution Quality Suite with counterparty analysis

AUSTIN, TEXAS June 20, 2017S3 (“the Company”), a financial services software company providing innovative solutions to monitor and analyze trade execution for fixed income securities, equities, and options, today announced that it has enhanced its Fixed Income Execution Quality Suite (“the Suite”) with the addition of contra reporting functionality.

The new contra reporting capabilities provide customers with greater insight into the trading activity of their counterparties, which is especially beneficial when grading counterparties on their executions immediately before and after the executions of a given client using S3’s Suite.  Customers are now able to analyze buy and sell orders from various counterparties over time, and thereby to identify trends.  This enhanced analysis enables the development of more sophisticated trading strategies, as clients can now identify how the activities of specific counterparties impact their own trading operations.  The introduction of contra reporting furthers S3’s initiative to implement expanded functionality beyond its industry-leading best execution analytics offering, diversifying the Company’s product portfolio while providing clients with additional market insights.

Mark Davies, CEO of S3, commented on today’s news, “Our new contra reporting functionality goes well beyond reporting to regulators, and it enables clients to determine the efficacy of their trading strategies at a more sophisticated level.  Many firms operating within the fixed income market are particularly sensitive to positions taken by their counterparties, given the relative opacity of this market.  The enhanced Fixed Income Execution Quality Suite enables these customers to conduct more refined due diligence in order to adapt their bond trading operations to best suit the needs of their clients.”

Firms utilizing S3’s Fixed Income Execution Quality Suite can measure the value of a given bond one to two days before a given trade, at the time the order is executed and the day after the execution occurs.  Additionally, the new contra reporting capabilities allow customers to examine price changes for bonds they trade immediately before and after each execution, as well as any resulting spikes or declines in the price of the security.  In order to enhance their trading operations, these clients require the ability to identify the strategies of their counterparties and to determine whether partnering with specific counterparties results in profits, or losses, over time.

Mr. Davies concluded, “The augmentation of our Fixed Income Execution Quality Suite furthers our mission of promoting fairness and enhancing transparency by enabling customers to determine which counterparties positively impact their fixed income trades, and which have the opposite effect.  Our contra reporting functionality for fixed income securities is available now, and we plan to introduce additional analytics capabilities for the fixed income space in the coming months as we continue to push for innovation in that ever-changing market.”

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 Launches Options Best Execution 2.0 – The New Standard for Options Execution Analysis

Platform provides the deepest level of execution quality insight available for the options market

AUSTIN, TEXAS May 10, 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 that it has launched its Options Best Execution 2.0 platform for options trade analysis.  This cutting-edge platform builds on the Company’s already-robust options offering to provide clients with even more granular and impactful analytics capabilities so that they may better identify, and achieve, best execution.

S3 has been the market leader in options execution analysis for years, and has leveraged its unmatched expertise and best-in-class technology platform to develop Options Best Execution 2.0 based directly on the feedback of its customer base.  The platform 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 across the growing number of available execution venues.  Additionally, S3 has incorporated midpoint and spread separation analysis, as well as improved “tweener” reporting.  This intelligence is critical for users to more effectively navigate today’s often convoluted market structure, determine the true execution quality of their orders, and adjust their trading strategies accordingly.

Mark Davies, CEO of S3, commented on today’s news, “Options Best Execution 2.0 marks an entirely new era in execution quality analysis for the options market.  We are committed to enhancing transparency and the new platform achieves just that.  Options Best Execution 2.0 provides significant value to our customer base and furthers S3’s longstanding history of innovation in providing critical execution insight, thereby enabling our clients’ success and improving trust in the securities markets by promoting a fairer trading environment.”

Options execution quality has historically been measured primarily through Effective over Quoted analysis, but S3 has complemented and improved upon this method with the addition of midpoint analytics – an industry first.  Utilizing the midpoint as a metric for measuring options execution quality results in data that is less skewed by spread size, which is critical given that options trade spreads continue to widen, particularly in recent years.  Additionally, the Options Best Execution 2.0 platform allows customers to determine the execution efficiency of their large options orders by analyzing what percentage of available liquidity they are able to capture, and how much of each order is filled.  This depth of analysis provides clients with invaluable summary information on trades with widely varying spread sizes, which is critical for customers to achieve best execution and remain fully compliant with associated regulations.

Mr. Davies concluded, “To provide a deeper level of insight than has historically been available, we have incorporated midpoint, spread and execution efficiency analytics into our Options Best Execution 2.0 platform, among a wide array of other innovative metrics.  S3 continues to cement its position as the leading provider of execution quality analytics and regulatory compliance tools not only for options, but also for fixed income securities and equities.  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 navigate today’s complex market structure and achieve best execution.”

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 Signs Bulge Bracket Bank to Its Best Execution Analytics Suite

AUSTIN, TX January 10, 2017S3 (“the Company”), a financial services software company that provides customized solutions to monitor and analyze trade execution, today announced that it has signed an international bulge bracket bank to its Best Execution Analytics Suite (“the Suite”) for equities. The customer win represents the Company’s ongoing success as it continues to cement its position as the premier provider of execution quality analytics.

S3’s software provides clients with the tools to conduct comprehensive execution quality analysis, allowing them to examine historical prices and orders, as well as to compare their executions with other trades in the market. Additionally, the Company’s analytical tools simplify the reporting process, allowing customers to better comply with regulatory mandates including SEC Rules 605 and 606. The efficacy of S3’s solutions has resulted in an expanding client base of institutions, broker-dealers, exchanges, market makers, and banks utilizing the Company’s execution analysis software.

Mark Davies, CEO of S3, commented on today’s news, “We are excited to have added one of the largest banks in the world to our Best Execution Analytics Suite, which will enable the client to distinguish the execution quality of its orders from overall market conditions through analysis against a wide and detailed set of metrics. We are expecting to process billions of records per month for the new customer, which is indicative of the massive volume that our system can process while maintaining uninterrupted service.”

S3 has deep experience in providing best execution data that is tailored to the exact specifications of its customers, and modification of its tools for each user lies at the heart of its business model. The Company has optimized the information it provides to uniquely benefit the newly signed bulge bracket bank client. S3 continues the rapid growth that it experienced in 2016, and has expanded its staff, implemented major enhancements to its product offerings, and increased its back-end bandwidth to support its diverse and growing client base.

Davies concluded, “Our analytical tools are fully customizable for the unique requirements of each client, and we have augmented the Best Execution Analytics Suite to fit the unique needs of the new bank customer. We look forward to onboarding additional customers to our market structure analysis platform, and to enhancing our offerings for equities, options, and fixed income securities on an ongoing basis.”

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

About S3

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.