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 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.

 

S3’s Best Execution Analytics Data Now Available for Fidessa Canada’s Customers

AUSTIN, TX — December 7, 2016 S3 (“the Company”), a financial services software company that provides customized solutions to monitor and analyze trade execution, today announced that its best execution analytics suite for both equities and options is now available for firms that utilize Fidessa Canada’s order management system (“OMS”). Fidessa Canada’s clients will now have access to S3’s proprietary data analysis platform, which offers transparency into those factors impacting execution quality for both Canadian and U.S. securities.

S3’s software tools offer traders sophisticated information on differing market conditions between the U.S. and Canada, providing a deep level of insight into those factors impacting best execution across the multitude of trading venues available in today’s fragmented market. The Company will now be able to examine data for those orders executed through Fidessa Canada’s OMS on a case-by-case basis, and will compile this information according to the specifications of those Fidessa Canada clients that opt in to receiving trade analytics from S3. The Company will offer value added analytics to these clients while providing them with the information necessary to determine where and when best execution occurs.

Mark Davies, CEO of S3, commented on today’s news, “We are proud to now offer best execution analytics to Fidessa Canada’s client base, which will strengthen the presence that we established in the Canadian marketplace in 2015 with the launch of our Canadian Best Execution Quality Suite. Our market structure analytics platform allows customers to monitor execution quality for both Canadian and U.S. securities, which is critical to determine where and when best pricing and liquidity is available across venues in both countries. We improve the functionality of our best execution analytics tools according the specific requirements of our clients, and look forward to enhancing our software on an ongoing basis.”

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 can quickly and seamlessly optimize the information it provides to uniquely benefit those Fidessa Canada clients that opt in to its services. S3 provides transparency into those factors impacting best execution, improving trading efficiency and supporting regulatory reporting compliance.

Mr. Davies concluded, “We specialize in customizing our services in support of our clients’ market structure analysis needs, and we will utilize our expertise and technology to offer the same service for Fidessa Canada’s customers. I would like to thank Martin Hakker, Chief Executive Officer at Fidessa Canada, for this exciting opportunity. We look forward to providing the firm’s customers with analytical information that best suits their trading goals, and to continually increasing our penetration of the Canadian marketplace.”

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.