Version: 1.001.04

New Features

• Best Execution TCA: csv download now includes PMID, OrderRef, Note, User Defined, Last Fill Time and Flow Type fields
• Best Execution Preferences: Option to replace effective prices with touch prices for LSE quotation markets. (If this option is not ticked then the effective price will be the best price that has enough volume to match the trade size)
• Best Execution Preferences: added option to use a common arrival time benchmarks for multi-day orders (this applies to Open, Close and Previous Close benchmarks)
• Best Execution Preference: Option to load fast market data (only +/- 1 hour of order book data will be loaded when this option is checked rather than the whole trading day)
• Best Execution Trades: csv download has an additional column to show volume at touch (for LSE quotation markets only the highest market maker volume is shown)
• Best Execution: TCA Detail Analysis screen charts extended to show aggressive/passive breakdown and execution venue breakdown.
• Best Execution EQ report: Data filter configuration option to select a list of only including data for a specific list of OrderRefs in the report
• Pretrade: Battlemaps allow selection of venues to be included or excluded

Updates

• Upgraded to .NET 4 to improve performance application wide.
• Pretrade: Index Disaggregator: the monthly period option now selects first to end of month (previously first of month to first of next month)
• Best Execution: arrival price benchmark sign has been reversed
• Best Execution: TCA and TCA Summary screens – added Broker and PM ID (Portfolio Manager ID) filter
• Pretrade: TOM MTF is available in the AEX battlemaps
• Pretrade: Bolsa Madrid is available for Spanish instruments

Download

Version: 1.001.03

New Features

• Best Execution Preferences: Added a check-box to load Parent Orders only
• Best Execution Preferences: Added 'Loading Bar' on TCA screen to show progress of loading data into memory
• Best Execution Preferences: A new option to load data for a custom period
• Best Execution TCA: Ability to exclude 'zero-duration' trades
• Best Execution TCA Analysis: A new option to 'Drilldown' on TCA Analysis and display the selection on the TCA page
• Best Execution TCA: 'All' option added to currency dropdown
• Toolbar: A new Help link with the support e-mail address
• Login Box: Ability to change start-up loading option on login
• Best Execution Trades: Ability to export excluded trades list
• Best Execution Trades: Added columns to csv download to show best bid price / volume and best offer price/volume
  Note: If multiple benchmark venues are available this will show the best bid and offer for the single best venue, 'best' being the venue with the best bid price for a sell or the best offer price for a Buy. This will only be filled in if 'Remove Same exchange outliers' is not selected in preferences.
• Best Execution: Equiduct added as a benchmark venue
• Best Execution: Ability to change more than 1 dropdown filter before the page starts to refresh
  Note: Press CTRL while changing filter options.
• Execution Quality Report: Ability to show outliers greater than an amount or BPS
• Execution Quality Report: Ability to show best performing trades greater than a value or BPS figure
• Execution Quality Report: Option to show bar chart of % Better/Equal/Worse per day or value Better/Equal/Worse per day
• Execution Quality Report: Added option to include % value traded

Updates

• Execution Quality Report: Country look-ups now present for GA, XS, AN, IL and venue look-ups for SGMX and TOMX
• Execution Quality Report: Option to include/exclude Spread and Spread Capture columns
• Best Execution TCA: Allows selection of 50,100,500,1000,5000 and 50000 orders to be displayed
• Best Execution TCA: Orders can now be exported to a csv file using the download button
• Best Execution TCA: VWAP against PC is now consistent on TCA and TCA Analysis tabs
• Best Execution TCA Analysis: TCA Summary can now be exported to a csv file using the download button
• Best Execution TCA Analysis: The VWAP is now a value weighted average
• Best Execution Upload: When synch options are changed a message box appears to confirm the configuration

Download

Version: 1.001.02

New Features

• Best Execution Preferences: New filter option to
  i) Exclude countries like Bermuda (by first two characters of ISIN) from data loaded
  ii) Only load specific countries on start up (by first two characters of ISIN)
  iii) Exclude positive outliers if over certain BPS
  iv) Remove same exchange outliers (passive)
  v) Dublin(XDUB), Quote MTF(QMTF), Equiduct(EQTB) and TOM added to the Venue and Country/ISIN filters
• Best Execution Trades: Added filter to only show outliers greater than a certain value or BPS when exporting to a csv file
• Best Execution TCA: Ability to benchmark orders against Previous Close Price
• Best Execution TCA: MFT benchmark types added - VWAP-L, VWAP-FL, PC and PCT
• Execution Quality Report: Include filter to
  i) Only show outliers greater than a certain value or BPS
  ii) Only load a particular list of ISINs
  iii) Load all ISINs except a list of particular ISINs
  iv) Allow reports using performance/outlier benchmark combination
• Pretrade: New buttons to export Daily and Intraday graphs to a csv file
• Pretrade: Intraday and Daily statistics now include options for Market Share and Mid Price(Daily only)
• Pretrade: Add Quote MTF to Index Disaggregator and Pretrade Statistics
• Battlemaps: Allow selection of two dates for comparison
• Multivenue OrderBook: Added venue selector to the OrderBook and the top navigation bar

Updates

• Best Execution Preferences: Hovering over country and venue codes on the Country/ISIN filter displays their full names
• Best Execution Preferences: Double-clicking and Ctrl+Double-Clicking checks and unchecks entire row/column on the ISIN/Country filter
• Best Execution TCA: Now shows time taken for participation rate benchmark
• Best Execution TCA: Apply unit of quotation adjustment to value traded for fixed income instruments on LSE

Version: 1.001.01

New Features

• WorkStation Logon Screen: Updated to show version number
• WorkStation Toolbar: Number of trades loaded for TCA module are now displayed
• Best Execution Overview: Updated to show separate statistics for trades (executions) and orders - number of trades/orders, breakdown by value traded, distinct instruments traded and average trade size
• Execution Quality Report: Ability to configure to show counterparties anonymously
• Execution Quality Report Configuration: Ability to configure the range for the spread histogram (-1, -1.5, -2, etc)
• Execution Quality Report Configuration: Added an option to show the value for improvement and potential SOR improvement in BPS or both Value and BPS. This can be configured separately for the performance table and the breakdown tables
• Best Execution Preferences: Added Equiduct venues
• Best Execution TCA: A TCA Summary Screen is now available

Updates

• Execution Quality Report: Aggregate by trade size converts to GBP instead of GBX
• Execution Quality Report Configuration: Any changes made to a template are saved when user clicks on 'Change Name'
• Execution Quality report: Illiquid trades are now shown as Not Benchmarked (N/B)
• Execution Quality report: Country and Execution Venue breakdown tables will use short names as well as country codes and MIC venue codes

Version: 1.001.00

New Features

• Best Execution Reports: New configurable Execution Quality Report
• Best Execution Trades: New Benchmark - Matched Event Time
• Best Execution Trades: New Benchmark - Mid Point Primary
• Best Execution Trades: Settlement Period added to the csv export file
• Best Execution Trades: 'Beta' link from instruments to a weekly instrument battlemap
• Best Execution Preferences: JE, AU, IM, GG, BM, KY, VG added to the country filter
• Best Execution Preferences: Toggle to not show benchmark for the on-book trade venue
• Best Execution Summary: Ability to aggregate by 'ISIN' and 'ISIN, CCY'
• Best Execution Summary: Option to export to a csv file

Updates

• Best Execution Trades: Prices displayed with up to 6 decimal points
• Best Execution Preferences: On start-up load Custom Month now allows selecting the last 36 months

Version: 1.000.31

New Features

• Best Execution Summary: Added the option of currency conversion to USD, EUR and GBP in the currency dropdown
• Best Execution Preferences: Ability to disable trades synchronisation
• Best Execution Preferences: Added Custom Day to 'Start-up Load' options
• Best Execution Preferences: Added the option to download data for a specific PM ID
• Best Execution Preferences: Option to select one of two calculations of Spread Capture:
  Option 1: Average Improvement \ Average Spread:
  SC = The average basis points improvement over all trade flow divided by the average on book spread in BPS weighted by trade values
  Option 2: Average Spread Capture:
  SC = The trade value weighted sum of the spread captures for each trade over all trades
• Best Execution: Ability to filter on Settlement Period

Updates

• Best Execution: Entries for Portfolio Manager ID, Trader ID, Counterparty, Network and User Defined dropdown lists are now alphabetically sorted
• Best Execution Analysis: Disable the option for Standard Deviation when Spread Capture is selected
• Best Execution Preferences: All filters now available on the Overview screen

Version: 1.000.30

New Features

• Best Execution Summary: New Right Click Drilldown option to view all trades related to any aggregate row
• Best Execution Preferences: Added the ability to specify (over-ride) the local file directory where the benchmark trades are placed
• Best Execution Trades: Added ability to exclude / re-include trades. This has the effect of removing the trades from any summary statistics / outlier reports and can be used to exclude trades that are clearly erroneous or are not appropriate for particular reports

Updates

• Best Execution: Made default for analysis popup to show Spread Capture [-2,2] rather than BPS Improvement and added options for spread capture [5,-5] and [20,-20]
• Best Execution: Re-sized venues bar chart on 'Venues' pop-up from Summary rows to cope with up to 20 venues
• Best Execution Preferences: Added quick set buttons to set country/venue filters to be 'ALL', 'Primary Only' and 'Primary and MTFs'
• Best Execution Preferences: Added Venues 'XVTX', 'XATH','XDUB' and Country 'ES' to country/venue filter options screen
• Rebuild Order Book: Added extra decimal places to benchmark trade price shown on bid/offer graph

Version: 1.000.29

• Best Execution: TCA summaries download now includes a '% illiquid' column
• Best Execution: TCA Summaries, Trades and Overview screens now allow filtering by 'Country'
• Best Execution: TCA Overview page also allows filtering by 'Trading Network' and 'Counterparty'
• Best Execution Preferences: Allow setting of specific country/ venue exclusions/inclusions
• Best Execution Preferences: Restrict loading of trades for a single counterparty or currency
• Rebuild Order Book: Now shows 3 or 4 decimal places for prices where appropriate

Version: 1.000.28

• TCA Venue Enhancements

Version: 1.000.27

• Inclusion of TradingNetworkID for Best Execution
• Fix for index aggreagator volatility
• Fix for selecting custom month in Best Execution

Version: 1.000.26

• Switchover to use ENXT as a single venue for Paris, Amsterdam, Brussels and Lisbon for pre-trade reporting

Version: 1.000.25

• Best Execution: New 'TCA' tab to view multi-fill trades by VWAP and arrival price
• Best Execution: New TCA page for a multi fill trade including VWAP benchmarks, venue breakdown, SOR improvement and spread capture views
• Best Execution: New Time and Sales page showing trades for all venues for a particular day
• Best Execution: Ad-hoc trade/multi-fill trade upload page for one-off uploads to benchmark single trades
• Best Execution: Additional filters on trade and summary views to filter by trader, trading network, broker, portfolio manager, counterparty and custom defined fields
• Best Execution Preferences: New preferences to set the time zone to display all data. Preferences to exclude trades based on trading venue, spread capture or difference to benchmark price in BPS
• Best Execution Trades: New column ImprovementValue in currency traded, option to sort by improvement value, filter to exclude illiquid trades, colour coded best venue
• Best Execution Trades Download: Additional columns ImprovementValue,TraderID, BrokerID, PortfolioManagerID, TradingNetwork, CustomField

Version: 1.000.24

• Best Execution: New High-Low benchmark for trades
• Best Execution: Trades view shows selected time stamp (trade time, quote time etc)
• Best Execution: New Instrument filter added to filter options
• Best Execution Preferences: Now allow excluding trades based on currency or venue supplied by user

Version: 1.000.23

• FTSE 250 is now available on ATAS WS
• Post Trade Updates for Message Parsing

Version: 1.000.22a

• Updates to Counterparty
• Minor optimisations

Version: 1.000.22

• Updates to TCA Preferences
• Updates to TCA Trades

Version: 1.000.21

• New datepicker in Post trade screens
• More efficient loading / memory usage of benchmarks
• New Venues and Analysis popups on Post Trade Summary tab

Version: 1.000.20

• TCA screen enhancements
• GBX/GBP conversion on venue analysis changes