S3 Signs Leading U.S. Retail Bank To Its Best Execution Analytics Suite
AUSTIN, Texas, July 13, 2017 /PRNewswire/ -- S3 ("the Company"), a financial services software company providing innovative solutions to monitor and analyze trade execution for equities, options, and fixed income securities, today announced that it has signed a major, United States-based retail bank to its Best Execution Analytics Suite ("the Suite") for equities. The customer win represents the Company's ongoing success as the premier provider of execution quality analytics across asset classes.
S3's Best Execution Analytics Suite enables clients to conduct comprehensive execution quality analysis, examine historical prices and orders, and compare their executions against other trades in the market. Additionally, the Suite simplifies the reporting process, allowing customers to better comply with regulatory mandates including SEC Rules 605 and 606. S3's client base of institutions, broker-dealers, exchanges, market makers and banks continues to grow, demonstrating the unmatched efficacy of its analytics tools for equities, options, and fixed income securities.
Mark Davies, CEO of S3, commented on today's news, "We are excited to have added one of the largest retail banks in the U.S. to our Best Execution Analytics Suite, which will provide the new customer with intelligence that is critical to more effectively navigate today's often convoluted market structure. Utilizing our Suite, the client will be able to determine the true execution quality of their orders and adjust their trading strategies accordingly. Our proprietary software delivers actionable intelligence, ease of reporting functionality and greater transparency into those factors impacting best execution and price improvement, and we are proud to deliver these solutions to our growing customer base."
S3 has implemented major enhancements to its product offerings in the first half of 2017 to support the specific needs of its clients, and has unveiled expanded functionality beyond its industry-leading best execution analytics offering. The Company recently launched its Options Best Execution 2.0 platform for options trade analysis, which enables clients to attain more detailed insights on their options orders by analyzing a multitude of different market scenarios, including midpoint analysis – an industry first. Additionally, S3 recently enhanced its Fixed Income Execution Quality Suite with the addition of contra reporting functionality, which provides customers with greater insight into the trading activity of their counterparties.
Mr. Davies concluded, "Recent enhancements to our software platform further S3's longstanding history of innovation as we seek to provide critical execution insight, enable our clients' success and improve trust in the securities markets by promoting a fairer trading environment. We look forward to onboarding additional customers to our analytics platform and to enhancing our product suite on an ongoing basis as we strive to provide our customers with the most impactful tools available to navigate today's complex markets."
For more information please visit: www.S3.com.
About S3
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.
Contact:
Jay Morakis (for S3)
M Group Strategic Communications
+1.212.266.0191
[email protected]
SOURCE S3
Share this article