MiFID imposes a requirement on firms to achieve the best possible deals for their clients – taking not just price into consideration, but also cost, speed, likelihood of execution and settlement, size and the nature of the order. To achieve compliance with MiFID, financial institutions will need to ensure the best possible venue is selected to execute the order.
NetEconomy addresses best execution requirements by capturing and storing data and monitoring trades, trends and policies for best execution within post-trade and near-real-time environments.
Within a post-trade environment, NetEconomy can assess whether the best execution policy as defined by the institution was followed appropriately. Both for single or multiple executed trades, NetEconomy ensures your financial institution is executing a trade with the best price.