Euronext has selected Strategic Insight’s LiquidMetrix as the best execution analytics platform for its equity, ETF and derivatives products.
Euronext will be using LiquidMetrix to help its clients demonstrate best execution and provide them with insights for their multi-asset trading activity.
By choosing LiquidMetrix Euronext wants to address the growing challenges in Europe presented by market fragmentation, increased enforcement of best execution and ongoing regulatory change.
Euronext recently established a new quant research function to strengthen its analytical capability and help clients with insights into their trading behaviour.
It also introduced Best of Book, a best execution service, to deliver the benefits of competition to end investors.
The LiquidMetrix solution includes regulatory reporting capabilities allowing customers to better comply with regulatory mandates such as MiFID II. It offers customers the ability to conduct analysis across a variety of metrics for each trade and provides tools to measure and understand the factors impacting best execution across all venues.
"Our clients are facing significant challenges in demonstrating how best execution is achieved in an increasingly complex market environment," says Lee Hodgkinson (pictured), head of markets and global sales at Euronext. "By choosing the LiquidMetrix solution, we can assist market users with meaningful independent research and analysis. LiquidMetrix’s expertise in European market structure will play an important role in achieving this goal and we are delighted to be partnering with them."
"The signing of Euronext continues LiquidMetrix’s ongoing growth as the independent best execution solution for its client base of investment managers, banks, broker-dealers, exchanges, regulators and market makers," Henry Yegerman, LiquidMetrix global head of sales, Strategic Insight, says. "LiquidMetrix clients are able to distinguish the execution quality of their orders from overall market conditions, which is critical in order to navigate today’s complex market structure. We have enhanced our best execution platform to meet all the current and upcoming regulatory and business intelligence requirements of our clients. We look forward to partnering with Euronext to help add value and further transparency of in depth analytics to all members of the financial community."