TS Pairs OTAS Analytics withTradeSmart OEMS Platform
Integration will support buy side's best execution requirements under European regulations.
OTAS Technologies has joined the TS Partner Program and its suite of tools, which provide real-time and historical reports and analytics that can help traders identify intraday moves and generate alerts to support regulatory best execution requirements, will be integrated into TS’ order and execution management system (OEMS).
The introduction of the OTAS analytics systems is aimed at enabling users of the TradeSmart OEMS to assess, recalibrate and execute upon their trading objectives through deeper levels of insight at the point of execution.
Varghese Thomas, chief strategy officer at TS, tells WatersTechnology that the partnership between the two firms also aims to provide greater tools to address upcoming regulatory changes. These include updated best execution requirements under the Markets in Financial Instruments Directive review (Mifid II), which comes into force on January 3, 2018.
“Best execution is dependent on the quality and verification of data. TradeSmart OEMS captures the data and records it for both pre and post trade verification,” he says. “Our partnership with OTAS further enhances data analysis capabilities to support timely and informed market moves.”
In May, Liquidnet announced the acquisition of OTAS Technologies, with the intention of combining its Virtual High Touch decision-support trading platform with OTAS’ analytics platform, in response to a growing need for greater quantitative tools for regulatory changes under Mifid II.
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