Quod Financial Runs Mifid Best Ex Pilots
LONDON—Multi-asset trading and order management system provider Quod Financial is running pilots to test how its engines will perform on the best execution policies of the E.U.'s Markets in Financial Instruments Directive (Mifid), vendor officials tell DWT.
According to Ali Pichvai, managing director of Quod Financial, the pilots check against three to four best execution policies, taking into account the main execution categories of price, liquidity, latency and cost.
The pilots, which involve
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