AUSTIN, TX--(Marketwired - Dec 7, 2016) - S3 ("the Company"), a financial services software company that provides customized solutions to monitor and analyze trade execution, today announced that its best execution analytics suite for both equities and options is now available for firms that utilize Fidessa Canada's order management system ("OMS"). Fidessa Canada's clients will now have access to S3's proprietary data analysis platform, which offers transparency into those factors impacting execution quality for both Canadian and U.S. securities.
S3's software tools offer traders sophisticated information on differing market conditions between the U.S. and Canada, providing a deep level of insight into those factors impacting best execution across the multitude of trading venues available in today's fragmented market. The Company will now be able to examine data for those orders executed through Fidessa Canada's OMS on a case-by-case basis, and will compile this information according to the specifications of those Fidessa Canada clients that opt in to receiving trade analytics from S3. The Company will offer value added analytics to these clients while providing them with the information necessary to determine where and when best execution occurs.
Mark Davies, CEO of S3, commented on today's news, "We are proud to now offer best execution analytics to Fidessa Canada's client base, which will strengthen the presence that we established in the Canadian marketplace in 2015 with the launch of our Canadian Best Execution Quality Suite. Our market structure analytics platform allows customers to monitor execution quality for both Canadian and U.S. securities, which is critical to determine where and when best pricing and liquidity is available across venues in both countries. We improve the functionality of our best execution analytics tools according the specific requirements of our clients, and look forward to enhancing our software on an ongoing basis."
S3 has deep experience in providing best execution data that is tailored to the exact specifications of its customers, and modification of its tools for each user lies at the heart of its business model. The Company can quickly and seamlessly optimize the information it provides to uniquely benefit those Fidessa Canada clients that opt in to its services. S3 provides transparency into those factors impacting best execution, improving trading efficiency and supporting regulatory reporting compliance.
Mr. Davies concluded, "We specialize in customizing our services in support of our clients' market structure analysis needs, and we will utilize our expertise and technology to offer the same service for Fidessa Canada's customers. I would like to thank Martin Hakker, Chief Executive Officer at Fidessa Canada, for this exciting opportunity. We look forward to providing the firm's customers with analytical information that best suits their trading goals, and to continually increasing our penetration of the Canadian marketplace."
For more information please visit: www.S3.com.
S3 is a financial services software company that provides customized solutions to monitor and analyze trade execution, facilitate transparency, and simplify regulatory compliance for options, equities, and fixed income securities. The Company's products are used today by many of the world's largest financial institutions, broker-dealers, exchanges, bulge bracket and retail banks, and market makers to deliver market structure analytics and best execution reporting. S3 leverages its proprietary software to provide third-party trade verification and optimize trade execution for both the U.S. and Canadian markets.