BestX!

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Overview

With the introduction of the MiFID European directive, SoftSolutions! – in collaboration with its partners/customers – has created BestX!, the dynamic multi-market best-execution platform for the Fixed Income world.

BestX!: the MiFID-compliant Smart Order Routing platform, leader in Europe, which guarantees a dynamic multi-market Best-execution.

The system provides a full brokerage service for the automatic execution of Fixed Income orders; it integrates regulated marketsMTF and OTC circuits, enabling to cut costs and offering a zero error management, regardless of the volume of orders.

Key Features

The functions covered are:

  • order validation, control and execution
  • pre-trade permission checks and execution strategies (algorithmic approach) including automatic management of commission (Pre-trade MIFID best-execution compliancy)
  • smart order routing to appropriate exchanges/desks using predefined policies (internalisation strategies available)
  • automatic Post-Trade reporting and storage of all transactions
  • complete auditing

Key Benefits

BestX! plus

  • Reduction in transaction costs and errors
  • Reduction of order management and execution time
  • Quick and transparent execution of MIFID compliant trades on multi-trading venue environments
  • Dashboard provides orders statuses and alerts for manual intervention
  • Benefits of RT execution on BBG and RTFI efficiency and liquidity
  • Increase of order execution throughput
  • STP available for OTC orders
  • Integrates with existing infrastructure

Product/Service details

SOLUTION OR SERVICE TYPE
Geographic Availability
Africa, Asia-Pacific, Europe, Middle East, North America, South America
Asset Class Coverage
Bonds