Euronext, Europe’s largest exchange, has selected Strategic Insight’s LiquidMetrix to utilize a number of execution, transaction cost analysis (TCA), and surveillance solutions, part of an ongoing bid to push its multi-asset trading capabilities for clients, per a Euronext statement.
Strategic Insight provides a wide range of solutions and services for multiple asset classes – its selection by Euronext will also help solidify its analytics platform for across equity, exchange-traded-funds (ETFs), and derivatives products. In addition, bourgeoning challenges in the European market, including market fragmentation, regulatory changes, and, increased enforcement of best execution have collectively necessitated a change in strategy, culminating in the selection of LiquidMetrix’s solutions.
Euronext also recently established a Quant Research function, part of an ongoing effort to strengthen its analytical capability, thereby also helping clients with trading insights and behavioral patterns. The new initiative has also seen it unveil its Best of Book, Euronext’s next generation best execution service, to help deliver multiple benefits of competition to end investors.
Finally, the LiquidMetrix solution also includes revamped regulatory reporting capabilities that will help Euronext customers better adhere to regulatory mandates such as MiFID II.
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According to Lee Hodgkinson, Head of Markets and Global Sales at Euronext, in a recent statement on the selection: “Our clients are facing significant challenges in demonstrating how best execution is achieved in an increasingly complex market environment. By choosing the LiquidMetrix solution, we can assist market users with meaningful independent research and analysis. LiquidMetrix’s expertise in European market structure will play an important role in achieving this goal and we are delighted to be partnering with them.”
“The signing of Euronext continues LiquidMetrix’s ongoing growth as the independent best execution solution for its client base of investment managers, banks, broker-dealers, exchanges, regulators and market makers,” explained Henry Yegerman, LiquidMetrix Global Head of Sales, Strategic Insight, in an accompanying statement.
“LiquidMetrix clients are able to distinguish the execution quality of their orders from overall market conditions, which is critical in order to navigate today’s complex market structure. We have enhanced our best execution platform to meet all the current and upcoming regulatory and business intelligence requirements of our clients,” he added.