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, 2018 – S3 (“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.
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.