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: