Reuters Transaction Cost Analysis Service is a hosted service from an independent and unbiased source, which will enable clients to send order and execution data on an ad-hoc basis or at an interval of their choosing, from daily to monthly. This will help to prove that the execution policy the firm is using does achieve good results for their customers.
Reuters DataScope Tick History On Demand will provide global cross asset tick-by-tick information going back five years on market activity at the time of a trade. This will include pricing data on sales, exchange qualification information and all other field level information which are required to fulfill best execution requirements.
As a hosted database capturing raw over the counter and exchange data, Reuters’s DataScope Tick History On Demand can help customers with pre- and post-trade calculations, execution venue selection and best execution checks. Clients can instantly recall information around individual trades, without incurring data storage and handling costs.
Stephen Wilson, global head of exchange traded instruments at Reuters, said: Reuters now offers the key tools that our clients need to be MiFID compliant. From trading at the best price to showing ‘best execution’ to price reporting, Reuters offers everything they need. MiFID is a massive regulatory change for European markets but we are confident that Reuters can help our customers meet the challenges ahead using technology they already have.
