TS Imagine, a cross-asset provider of real-time trading, portfolio and risk management solutions, has rolled out a module within TradeSmart OEMS and TS One that aims to streamline best execution compliance and reporting. TS Imagine president Andrew Morgan spoke exclusively to The DESK on what is driving demand for such a solution, and how it is designed to make the trading process more manageable.
The new module and analytics dashboard provides traders with a view of their trading activity, real-time comment capture and best execution reporting, and is pre-programed with more than 60,000 rules from global jurisdictions The module is designed to save users time by automatically capturing and immediately analysing trading activities and users can classify auditable events for grouping and filtering, create text and chart visualisations, view and search historic orders, overlay events on a chart, show a text timeline, filter the storyline based on event type and capture real-time comments.
Spencer Lee, chief markets officer, head of fixed income, said, “Multi-tasking traders who are also grappling with volatility and other daily events will benefit from the speed and clarity gained from using our best execution module and analytics dashboard. The best execution module and analytics dashboard improve our users’ quality of life at work, while allowing them to comply with necessary but complex rules.”
Speaking to The DESK, Andrew Morgan, president and chief revenue officer (CRO) at TS Imagine, said: “Achieving and demonstrating best execution requires investment teams to act quickly, making timely and informed decisions in the best interests of their clients while processing vast quantities of data.
“By complementing TradeSmart’s powerful trading capabilities with our new best execution module and analytics dashboard we have empowered the buy-side with even more sophisticated software providing an expansive view of trading activities while automating key processes through real-time comment capture and comprehensive best execution reporting. It’s about giving traders tools that are not just powerful but also intuitive to work with.
Morgan said that for clients, the new module enables them to be more efficient and compliant. “It simplifies and automates vital processes, helping investors, who often have to juggle multiple tasks during periods of market volatility, to operate with more clarity and confidence. It means less time worrying about compliance and more time focusing on making strategic trading decisions.
“It’s about streamlining operations, enhancing visibility, and ultimately making the trading process more manageable. We want to make sure that despite the quickening pace of the trading landscape, investors can operate seamlessly while minimising errors.”
On the drivers behind demand, Morgan said the industry is on the cusp of significant change, with the prospect of increasingly stringent best execution regulations and the transition to T+1 settlements set to increase operational and compliance burdens on investment teams.
“Having worked for a financial institution, I have experienced these pressures first-hand and understand the need for automated processes and real-time analysis to manage complexity. This is what we have set out to achieve with our best execution module.
“With our tools, investors are empowered to make swift, accurate decisions. In practical terms, this could mean enabling them to efficiently manage a greater multitude of trades, ensuring that each one is compliant and optimised for best execution.
“We’ve seen a surge in demand for tools that offer both speed and precision against the backdrop of volatile market conditions and a rapidly evolving regulatory landscape. Investors are looking for solutions that can keep up with the pace, ensuring that they are always a step ahead.”
This story first appeared on Best Execution.
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