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MIFID for Best Ex Overview Internalisation Live Market Simulation |
MiFID Requirements for Best Execution Cross-Asset Trading The smartTrade Trading Platform (STTP) meets MiFID (Markets in Financial Instruments Directive) requirements for best execution in cross-asset trading. By implementing the STTP, banks can smart route clients' orders to different venues according to rules that enable the bank to define and deliver its "best ex" policy. Banks can as well, apply various conditions to incoming orders and hedging scenarios, to gain an accurate picture of the risk-reward ratio of internalization or crossing that can be achieved, including the measurement of economic savings generated through internalizing (keeping the bid/ask internally and eliminating execution and clearing fees). The smartTrade Whitepaper entitled "financial markets Liquidity Management System (LMS) solution for internalisation, internal crossing and smart routing of orders" presents the workflow that can be achieved using the smartTrade platform. For a copy of the smartTrade Whitepaper click here
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