Struggling to produce RTS27 and RTS28 reporting on time due to the office disruptions in light of global Coronavirus pandemic? No worries, after receiving multiple requests from financial organizations in recent weeks, Financial Conduct Authority decided to waive any enforcement actions against the firms, which do not publish the required RTS27 reports by April 1st, as long as they do so no later than June 30th.
However, this does not mean that the best execution requirements would be fully waived during this time. At the end of Q2, all the past due reports would still be required for submission to the regulator and the regulators are still expecting the firms to fully abide by the BestEx rules. Mr. Christopher Woodward, interim CEO of the FCA said: “we would expect firms to consider their use of different types of orders to execute client orders and manage risk during market volatility”. …
December 2, 2019 Tradefora PLC, an innovative software company with focus on Best Execution, is pleased to announce the addition of the “perfect dozen” of most popular stock indices to its benchmark reference price index for OTC markets.
Newly added instruments cover 12 major stock indices for Asia, EU and the US markets and now expanded the total list to 150+. Starting December 1st, 2019 all the retail users of Tradefora platform are able to check and verify the live and historic pricing, average spreads and run swaps comparison analysis for top 12 stock indices.
London, November 19, 2019 Tradefora PLC, an innovative software company, focusing on solutions for Best Execution, is pleased to announce the launch of upgraded RTS 27 Best Execution Automated Reporting portal 2.0 along with standalone dedicated website www.RTS27report.com This comes as great news for many of Tradefora’s broker-clients.
Tradefora’s RTS 27 solution comes fully loaded with built-in features, providing much more than just basic regulatory reporting:
Tradefora PLC — innovative best execution software development provider and Advanced Markets Group, a leading Prime of Prime Liquidity Provider, which is authorized and regulated by the Australian Securities and Investments Commission (ASIC) and the Financial Conduct Authority (FCA) is pleased to announce its new partnership. Founded in 2016 Tradefora PLC is a fast growing FinTech company specializing on best execution, TCA and regulatory reporting services for brokers, traders and regulators. …
Tradefora’s average market price widget is gaining popularity among industry media and regulators. Recently one more prominent Chinese media portal and B2B event organizer Figure Finance has added Tradefora’s widget to it’s website — https://www.fifin.com/api/tradefora
Fig. 1 — Figure Finance market benchmark widget powered by Tradefora.
This is the 1st in a series of Tradefora’s widgets designed for media portals and regulators, which displays Tradefora Composite Index (TCI) based on the price feeds from over 100 retail FX brokers. It supports 140+ trading instruments, including most popular FX pairs, precious metals, energy and crypto instruments. …
We are very excited to announce the launch of Tradefora’s TradeGuard real-time transaction analytics tool on Serenity Escrow live trading platform. Serenity is the first blockchain escrow trading platform that protects traders’ interests through smart contracts. Through Tradefora’s API Serenity platform automatically verifies that the trade was executed at a fair market price and settles the funds between brokers and traders via smart contracts.
TradeGuard compares execution prices of your broker with market average benchmark represented by Tradefora Composite Index, which is comprised of 80+ brokers. …
October 13, 2018 — The first of its kind service for real-time execution quality scoring Tradefora.com announced its cooperation with Serenity-Financial.io to provide real-time trade-by-trade execution quality analytics to all Serenity-Financial members.
Stanislav Vaneev, Serenity founder