Following the market transition phase of the MIFID directive implementation, CONSOB is now focused on guaranteeing that main financial institutions do their utmost to execute client orders at the best conditions for their clients. In light of this requirement, the intermediary must provide access to a multi-market environment guaranteeing dynamic best execution, the major innovative strategy for an effective MIFID compliant solution.
Best –X!, an electronic trading platform (smart order routing) for fixed income orders, is already active on required advanced multi-market trading strategies, with a dynamic best execution and respecting both client policies and MIFID compliancy.
Best-X! allows financial institutions to automatically manage retail order flow with real time price discovery, order execution and reporting. Best-X!, based on the multi-market and multi-asset XTrade! Square trading platform, allows connectivity to different “liquidity pools” (Bloomberg, RTFI, Domestic Markets) and can be completely integrated with existing infrastructures (OMS and STP).
