S3 Strengthens Fixed Income Execution Quality Suite With Third Brokerage

S3, a financial services software company providing monitoring solutions for options, equities, and fixed income securities, has inked a large US-based securities brokerage firm to its Fixed Income Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term Quality Suite, the third brokerage to join its suite since launching earlier this year in March, per an S3 statement.

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S3’s Fixed Income Execution Quality Suite caters to both US and Canadian markets, which features its third-party trade verification and trade execution capabilities for a wide range of market participants. By strengthening the suite with a third brokerage, S3 looks to fortify its list of companies utilizing its software solutions.

Presently, S3 garners a client list of banks, institutions, broker-dealers, exchanges and Market Makers Market Makers Market makers or called dealing desk brokers represent a type of broker that internalize flows and are taking the opposite side of a transaction submitted by their clients. The market making broker is only quoting a feed of prices to its clients. These feeds may or may not be the exact same as the prices quoted on the interbank market.Any order a client enters is processed internally and never goes out to the market, except in rare cases where a market making brokerage identifies a client as a v Market makers or called dealing desk brokers represent a type of broker that internalize flows and are taking the opposite side of a transaction submitted by their clients. The market making broker is only quoting a feed of prices to its clients. These feeds may or may not be the exact same as the prices quoted on the interbank market.Any order a client enters is processed internally and never goes out to the market, except in rare cases where a market making brokerage identifies a client as a v Read this Term relying on the company’s software for execution analysis of fixed income securities. In terms of the new entrant into S3’s Fixed Income Suite, the newly signed customer is also one of the issuers of municipal bonds in the US, which will utilize the platform for both internal and external reporting and analysis for corporate, municipal, and agency bonds.

Overall S3’s Fixed Income suite helps support a comprehensive analysis of execution quality for fixed income securities. In tandem with the announcement, S3 has also upgraded the platform's reporting capabilities with the addition of options to record data across a broader pantheon of timeframes, whereby increasing the granularity of the data that customers submit to regulators.

This is important as the Fixed Income Suite will better allow S3's customers to compile and execute a more robust audit trail to help enable full compliance with execution quality regulations.

According to Mark Davies, CEO of S3, in a recent statement on the Suite’s addition: "We are excited to have added a third major customer to our Fixed Income Execution Quality Suite, which allows clients to distinguish the execution quality of their fixed income orders from overall market conditions through analysis against a wide and detailed set of metrics.”

“Our analytical tools are fully customizable for the unique requirements of each client, and we have augmented the platform to fit the unique needs of the new securities brokerage firm customer. We have implemented extensive enhancements to all of our product offerings and expanded our staff as our growth continues to accelerate,” he added.