05 - 06 October, 2021
LTX Best Execution Overview
The current MiFID II standard for best execution (“BestEx”) of fixed income compares trade outcomes against various market data sources for similar products. Through (i) liquidity metrics to better estimate existing liquidity for a specific bond and (ii) an innovative, patented digital trading protocol (“RFX®”), LTX provides clients with greater transparency into price formation and market demand via a cumulative view of the RFX session (“The Stack®”) creating a new standard of BestEx. LTX retains The Stack data following each RFX, allowing firms to fulfill internal BestEx and transaction cost analysis (“TCA”) mandates.