Fixed Income Best Execution & TCA

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

The S3 Fixed Income Best Ex & TCA tool allows you to measure trading strategies, manage trading costs, evaluate historical trading performance, and compare costs, all from a single dashboard.  Easily investigate your own performance from a high-level overview, or drill down into the detail of each trade to provide evidence of best execution to regulators.

Use the tool to evaluate your execution data against multiple data sources, and maintain a record of those reviews using an audit trail function that can be customized to suit your policies and procedures.  Tailor exception reports to your standards using thresholds defined by you, or enlist an industry expert from S3’s support team to guide you.  The S3 portal allows you to easily drill into the detail of each trade with just a few mouse clicks.

The tool provides an in-depth analysis of trading behavior over a period of time, which enables you to develop more sophisticated trading strategies by highlighting certain behavior patterns and trends.  Compare trades against customized exception types and define the thresholds that will trigger an alert to be reviewed.  Exceptions are easily reviewed and commented on directly in the platform, using an audit trail that can be exported for record-keeping, as well as fulfilling best execution obligations.