Overview
The ability of a firm to demonstrate that it’s acting in the best interests of its clients is a core responsibility of any compliance team. TZBE enables you to meet these obligations through a centralised digital platform that automates best execution tests, enriches your data with market data curated from more than 250 sources, and creates highly granular TCA reporting. Not only that, TZBE can also generate commercial insights by highlighting how your trading strategy can be executed more effectively.
TZBE’s highly customisable structure means that it can scale and flex with your business requirements. Your platform will be capable of ingesting, testing and reporting on all major instrument types and asset classes to ensure that you stay compliant, no matter what you trade. The platform will automatically run best execution tests against a range of industry benchmarks including VWAP, Time, Venue, Implementation Shortfall/Slippage, and Best Bid/Ask, before generating ‘regulator ready’ reports.
TZBE features highly configurable parameters that can be customised and tested to mirror your trading strategy, automatically account for variables, and reduce false positives. Your chosen reports can also be set based on a number of reference and market data metrics such as volatility and instrument liquidity. Should a trade deviate from expected parameters, it will be flagged for further analysis, enabling the production of detailed TCA reports that highlight areas requiring attention. TZBE also includes data archiving and indexing that complies with MiFID II and all other global regulations as standard, ensuring that you are one step ahead of your regulatory obligations.
Key Features
TZBE functionality includes:
- Generate data-led insights that highlight how your trading strategy could be executed more effectively
- Automatically run best execution tests and transaction cost analysis through one integrated platform
- Ingest, test and generate alerts for all major asset classes
- Run best execution tests against a range of benchmarks including VWAP, Time, Venue, Implementation Shortfall/Slippage, and Best Bid/Ask
- Gain insights on how your compliance team is interacting with the system and view full internal audit trails
- Document, group and escalate alerts through one centralised system
- Receive notifications when edits are made to alerts and access activity logs to maintain audit trails
- Set and customise conditional parameter values based on a number of reference and market data metrics such as volatility and instrument liquidity
Key Benefits
Benefits of TZBE include:
- Automate and streamline your best execution testing and transaction cost analysis strategy
- Generate cost-saving insights by highlighting how trades can be executed more effectively
- Access a regulatory framework for best execution and TCA that scales with your business
- Automate workflows to reduce the risk of human error and create more robust regulatory governance
- Improve the operational efficiency of your reporting by generating RTS reports in just a few clicks
- Stronger data management through archiving and indexing that complies with MiFID II and global standards
- Fine-tune your platform’s configuration by experimenting with various parameters in an independent sandbox
