Eze Software has expanded its best execution offering with Trade Informatics’s (TI) strategic and tactical analytic research and trading tool (START), a broker neutral automated intelligent trading engine.
Backed by TI’s pre-trade transaction cost analytics, START helps firms align investment and trading strategies and seek out better execution opportunities across brokers’ direct market access routes and dark pools.
The engine’s broker-neutral, logic-based trading aims to improve performance, manage costs, and allow control of and transparency into the execution strategy.
Upon execution, START will control the size, type, price, routing, and timing of every child order sent to broker district metered area pipes. Users will maintain complete anonymity of the parent order which is quarantined with the platform and never exposed to the broker.
START will provide post-trade analysis across its certified brokers and the venues on which trades are executed.
Eze Software began its partnership with TI last year, integrating TI’s advanced post-trade analytics to its transaction cost analysis offerings.
Bill Neuman, senior managing director and product and engineering, said: “Delivering best execution in today’s environment isn’t just about finding the best price and liquidity for an order; it’s about finding the optimal way to realise your investment strategy.
He added: “We look forward to adding TI’s intelligent trading engine to our trade optimisation offerings, and look forward to helping clients bolster their best execution arsenal.”
Allan Goldstein, COO of TI, commented: “Trade Informatics and Eze Software maintain a shared vision: to help clients retain alpha, minimise investment costs, and drive operational efficiency.”
He added: “Now, as we work to integrate START, we’re excited to offer to Eze users expanded opportunities to further automate and optimise their trading. Our partnership complements our individual strengths, and we look forward to working together to develop innovative solutions that deliver unprecedented value to clients.”
