BestX:FI-A is the market standard for Fixed Income order execution automation. Designed from the ground up as an advance Fixed Income order execution engine, BestX:FI-A is optimised for the more demanding needs of the fragmented bond markets while still enforcing the stringent best execution mandates required under MiFID I/II.

BestX:FI-A can concentrate orders from multiple sources and manage these order queues based on market liquidity, current market pricing, order parameters and client preference. Automatic Order Execution is only engaged if conditions meet strict criteria but the success rate is high and with very little market impact thanks to its liquidity discovery strategies.

BestXFI-A executes orders by integrating different liquidity pools such as Bloomberg, MarketAxess, Tradeweb, European Domestics, such as MOT, E-TLX.

The functions covered are:

BestX:FI-A validates, controls and executes orders collected from retail clients, branches, OMS systems or via other channels using smart order-routing technologies.

  • Decision Making based on a comprehensive view of historical interactions, dealer hit ratio, real time orders, axes and real time market data.
  • order validation, control and execution
  • pre-trade permission checks and execution strategies (algorithmic approach) including automatic management of 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 audit and trade reconstruction data

BestX:FI-A is a proven technology and has been in production since 2005 thanks to a partnership with our customers who continue to innovate with us.

The core value of this product comes in the Auto-Execution strategies that have been developed over the years that the product has been in production.

Benefits of BestX:FI-A include:

  • Reduction in transaction costs and errors
  • Reduction of order management and execution time
  • Quick and transparent execution of MIFID compliant orders across multi-trading venue environments
  • Dashboard provides orders statuses and alerts for manual intervention
  • Benefits of RT execution on available liquidity pools, efficiency and liquidity
  • Increase of order execution throughout
  • STP available for orders/execution
  • Easily integrates with existing trading and post-trade infrastructure

To learn more, request a brochure below.