Tora Adds AI Tool For TCA
The tool allows firms to better meet strict best-execution requirements under incoming European regulations.
Under requirements in the revised Markets in Financial Instruments Directive (Mifid II), which come into effect on January 3, 2018, buy-side firms must take a number of steps to deliver and demonstrate best execution to investors and regulators.
Therefore, investment firms need to monitor execution quality in terms of “price, costs, speed, likelihood of execution and settlement, size, nature of any other relevant consideration,” according to the rules.
Gerrit Van Wingerden, managing director o
More on Best Execution
Waters Wavelength
Episode 125: Bitcoin, Ether Aren't Securities (Maybe); Privacy Issues and the Law
The SEC takes a definitive stance on the status of cryptocurrencies; the idea of privacy consistently changes with the introduction of new technologies.
Subscribe to Weekly Wrap emails
Back to Top