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.

Trade Surveillance Suite

Monitor trading for a variety of restricted behaviors across multiple asset classes, including market manipulation and other trade-based violations.

Transaction Cost Analysis (TCA)

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

Options Transaction Cost Analysis (Options TCA)

Unmatched Transaction Cost Analysis and Best Execution Insight for the Options Market. Compare volume, available liquidity and spread size across the growing number of available execution venues.

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.

Fixed Income Execution Quality Suite

Order execution and counterparty transparency and compliance tools for corporate, municipal, and TRACE eligible agency bond trades.

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 Launches Trade Surveillance Suite, Providing All-In-One Compliance, Reporting and Analytics

AUSTIN, TEXAS October 3, 2018 – 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 Trade Surveillance Suite, designed to enable compliance and trading professionals to identify market manipulation and other trading violations. With this expansion, S3, already an industry leader in execution analytics, now offers customers a single solution to address all of their compliance needs.

S3 developed the Trade Surveillance Suite to simplify monitoring for market manipulation and trading violations, reducing the time spent on compliance issues without compromising on regulatory obligations. With the Company’s Trade Surveillance Suite, clients are able to monitor for such trade activities as spoofing, layering, marking the close and trade-through while reducing false positives and facilitating cross-product manipulation monitoring. The S3 Trade Surveillance Suite makes use of a powerful interface that allows users to create and adjust custom thresholds and apply the adjusted thresholds to historical data. By comparing outcomes, customers are able to optimize settings, reducing the risk of both false positive and false negative results, drastically improving identification of potential trade violations while simultaneously reducing time wasted on spurious alerts. Once an irregularity is discovered, the Trade Surveillance Suite provides a configurable workflow to document the violation and to archive all of the relevant information for future reference.

Mark Davies, CEO of S3, commented on today’s news, “by leveraging our existing infrastructure, S3 is able to provide a simple, elegant solution that encompasses all of our clients’ regulatory needs, both in execution quality and in trade surveillance. This new offering allows our customers to identify, document and track issues quickly and easily while providing an exceptional level of adjustability and refinement, thereby improving trust between regulators, broker-dealers and their clients.”

S3’s infrastructure is based upon robust, long-term availability of market data, efficiently indexed for rapid access. This market data is integrated with client data by the Company’s proprietary matching engine, forming the foundation of the S3 platform. The S3 Reporting Suite builds upon this base, enabling clients to view, analyze and manipulate their data in reports built specifically to meet their best execution and surveillance needs.

Mr. Davies continued, “Our premium all-in-one solution delivers unparalleled customer service while remaining competitively priced. Additionally, by providing a one stop shop for our customers’ regulatory reporting needs, we enable clients to simultaneously reduce vendor overhead, simplify workflows and improve compliance. We are excited for the opportunity to offer this uniquely integrated product as we continue to expand our offerings.”

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, trade surveillance 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:
Jeremy Vest
+1.512.450.6755
jvest@s3.com

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.