Best Execution

The Benefits:

Lower compliance costs enabled by "One stop shop"- Automated solutions from one partner, all with case management and audit trails;
Time gain- Less on-site time by regulators, less time for the annual review, less overhead due to work automation and less time for the arduous and daunting tasks of gathering, organizing and analyzing data;
Reduced regulatory and fiduciary risks because our system minimizes surprises and losses;
Competitive advantages in asset gathering and retention- Investors enjoy enhanced trust, comfort and confidence during due diligence efforts due to the independence of our system.

Best Execution

Our software has the following capabilities:

Equity:

Quantitative:

Market low
Vwap
Nbbo
Commission tracking and threshold alerts
Dealer allocation and threshold alerts
Execution shortfall analysis and alerts

Qualitative:

Trading desk service
Quality of research
Speed of execution
Transaction reporting
Other factors as determined by the client

Fixed Income-corporates and municipals and agencies:

1. Execution price comparisons and sorting by coupon, maturity by date and maturity bands, rating (e.g. credit quality), issuer, sector, industry, type, or security identifier, broker/dealer, cost of transaction, account or portfolio, or combination of the above.

Each analysis is run daily, trade by trade and dealer by dealer and results posted daily on the FTT website; alerts are triggered when undesired trends in best execution develop. Further, at the end of calendar period, select personnel can enter weightings to the above factors online to determine a firm-wide ranking of BDs by category and overall.

Additional Features of this module

Global Security Master File: FTT maintains a global security master file and updates it daily to insure accurate and timeliness of security data. The master file is comprised of all security types and corresponding market, fundamental and indicative data required to provide services.

Exceptions Resolutions Archiving and Tracking: All exceptions to guidelines are archived and aged by calendar until closed by the compliance user. This feature provides for both “notes to the file” capabilities as well as audit trails for internal or regulatory audit purposes, or both.

Home Page