Delivers comprehensive analytics and metrics for measuring trading performance, identifying costs, and optimizing trade execution strategies across various markets.
Tools that analyze trading performance and costs, comparing actual execution with benchmarks to evaluate trader performance and identify opportunities for improvement in execution strategies.
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Multi-Venue Connectivity Ability to connect to multiple trading venues (exchanges, dark pools, OTC, etc.). |
Product documentation and website note multi-venue connectivity for equities, fixed income, and FX, including integration with major trading venues. | |
Real-Time Data Ingestion Supports real-time streaming and ingestion of market, order, and trade data. |
Marketing materials highlight real-time analytics and real-time data handling. | |
Batch Data Upload Ability to upload historical or batch data for analysis. |
Supports batch uploads for historical and post-trade analysis, as indicated in product literature. | |
Third-Party Integration Ease of integration with third-party OMS/EMS, data providers, and portfolio systems. |
Integration with various OMS/EMS and portfolio systems cited on FIS's website and client documentation. | |
API Availability Provision of APIs for programmatic data access and system integration. |
API documentation available online; APIs are promoted as a key integration feature. | |
Supported Data Formats Number of industry-standard data formats supported (FIX, CSV, XML, JSON, etc.). |
No information available | |
Automated Data Validation System automatically validates, cleans, and enriches incoming data. |
Automated validation and cleansing stated as part of the ETL/ingestion process. | |
Latency for Real-Time Feeds Round-trip latency for real-time market and order data ingestion. |
No information available |
Comprehensive TCA Metrics Calculates a full suite of pre-, intra-, and post-trade cost benchmarks (VWAP, TWAP, Implementation Shortfall, arrival price, etc.). |
Directly markets support for VWAP, TWAP, Implementation Shortfall, and other TCA benchmarks. | |
Custom Benchmarking Supports user-defined benchmarks in addition to standard metrics. |
User-defined benchmarks are supported for custom analytics, per user guide. | |
Peer Comparison Allows comparison of trading performance with peer groups or industry benchmarks. |
Peer group comparison options referenced in analytics documentation and case studies. | |
Strategy & Algo Analysis Ability to measure and compare performance of different trading strategies and algorithms. |
Strategy and algorithm performance analysis highlighted as a differentiator. | |
Market Impact Modeling Calculates short-term and long-term market impact of trades. |
Market impact (temporary/permanent) modeled in the system per analytics overview. | |
Slippage Measurement Measures slippage versus various benchmarks. |
Product measures and reports slippage for a variety of benchmarks. | |
Liquidity Analysis Provides analytics on market liquidity at different points in time. |
Liquidity analytics (price, depth, time) available for supported asset classes. | |
Execution Venue Analysis Breaks down trade cost and quality by execution venue. |
Venue-level breakdowns of execution quality are a core reporting feature. | |
Latency Analysis Measures end-to-end execution latency for trades. |
Execution latency analyzed and available in reporting suite. | |
Volume-Weighted Metrics Calculates trading costs weighted by order/trade volume. |
Volume-weighted and other weighted metrics are supported in cost analysis reports. |
Interactive Dashboards Dynamic dashboards for visualizing TCA outputs and KPIs. |
Multiple dynamic dashboard views referenced in product demo and promo materials. | |
Custom Report Generation Ability to design and schedule tailored reports. |
Report templates are customizable and can be scheduled per documentation. | |
Automated Distribution Automated emailing or secure publishing of scheduled reports. |
Automated distribution via email and secure portal supported as standard. | |
Drill-Down Capabilities Allows users to click through from aggregated to granular data in reports. |
Drill-down from summary to line-item/detail available in the dashboard UI. | |
Export Options Supports report/data export to Excel, PDF, CSV, image, etc. |
Export functions to Excel, PDF, CSV standard in reporting suite. | |
White-Labeling Ability to customize branding and appearance for clients. |
Not as far as we are aware.* No indication of white-labeling or custom branding support in product literature. | |
Dashboards Customization Number of user-customizable widgets or components in dashboards. |
No information available | |
Real-Time Updates Dashboards and reports update in real time as data arrives. |
Dashboards update in real time as new data/analytics are available. | |
Mobile Access Availability of mobile-friendly reports or dashboards. |
FIS states mobile access is available via browser-optimized dashboards. |
Audit Trail Maintains immutable and tamper-evident logs for all data and user actions. |
Audit trail is cited as a compliance and controls feature. | |
Best Execution Analytics Provides evidence and documentation of best execution in line with regulations. |
Best execution compliance analytics promoted for MiFID, SEC, etc. | |
Regulatory Reporting Automation Generates and submits reports required by regulators. |
Regulatory reporting described as automated, especially for MiFID, SEC 606/605. | |
Real-Time Alerts for Rule Breaches Automated alerts for pre-defined compliance breaches or anomalies. |
Rule breach alerts can be configured and triggered per compliance documentation. | |
Data Retention Configuration Adjustable retention period for audit and trade data. |
No information available | |
User Access Logging Tracks and logs all user access and permission changes. |
User activity and access logs are available for compliance and audit. |
Maximum Throughput Maximum number of trades handled per second. |
No information available | |
Analytical Processing Speed Average time to complete a typical TCA analysis workload. |
No information available | |
Scalable Architecture System automatically scales with increased data or user demand. |
Cloud/hybrid architecture described as scalable in marketing and technical documentation. | |
Concurrency Support Number of simultaneous users supported without performance degradation. |
No information available | |
Batch Processing Capacity Maximum size of historical/batch data that can be processed in a single run. |
No information available |
Data Encryption Data at rest and in transit is encrypted using best practices. |
Data encryption in transit and at rest mentioned in data security documentation. | |
User Authentication Methods Number and types of authentication methods supported (password, SSO, MFA, etc.). |
No information available | |
Granular User Permissions Supports detailed permissions down to individual screens or data sets. |
Granular permissions described for users, groups, and datasets in admin guide. | |
Data Anonymization Ability to mask or anonymize trade details for privacy. |
Data masking/anonymization for client privacy referenced in product focus on regulation. | |
Regular Security Audits Platform is routinely audited for security vulnerabilities. |
Routine security reviews and penetration tests mentioned in security documentation. | |
Compliance Certifications Holds certifications (e.g. ISO 27001, SOC 2) related to information security. |
FIS holds ISO 27001 and SOC2; product falls under these certifications per vendor. |
Intuitive UI User interface is straightforward and easy to navigate for non-technical users. |
Product interface described as intuitive, with visualizations and guided workflows. | |
Multi-Language Support Supports multiple languages for global teams. |
Multi-language support referenced for global clients in user guide. | |
Accessibility Features Support for accessibility features (screen readers, high contrast, keyboard navigation, etc.). |
No information available | |
User Training Materials Availability of detailed documentation, walkthroughs, and training resources. |
Comprehensive user guides, FAQs, and training sessions available for clients. | |
Contextual Help In-app help and guided tours to assist users. |
In-app help and guided assistance mentioned in user support resources. | |
Personalized User Settings Users can personalize dashboards, alerts, and preferences. |
User-level dashboard and report personalization referenced in system features. |
Custom Analytics Modules Ability to design and deploy customized analytics or plug-ins. |
Custom analytics modules/extensions can be configured for institutional clients. | |
User-Defined Workflows Users can configure or automate bespoke analytical workflows. |
Bespoke analytics workflows automatable per advanced client documentation. | |
Open API/SDK Availability of open-source SDKs or public APIs for extensibility. |
APIs and SDKs available for client developers as part of extensibility offering. | |
Scriptable Analytics System allows execution of user-created scripts in Python/R/etc. for bespoke analysis. |
Support for Python scripting and custom analytics available for advanced analytics users. | |
Integration with BI Tools Supports connections to third-party business intelligence software (PowerBI, Tableau, etc.). |
Connections to BI tools (Tableau, PowerBI, Qlik) described as interoperable. |
Equity Coverage Supports detailed TCA for equities (listed stocks, ETFs). |
Equity TCA coverage across global exchanges and listed products is core. | |
Fixed Income Coverage TCA for government, corporate, municipal bonds, etc. |
Fixed income TCA is promoted on the product page and case studies. | |
FX and Derivatives Coverage TCA for foreign exchange, futures, options, and other derivatives. |
FX and derivative analytics and integration described in demo walkthroughs. | |
Multi-Asset Aggregation Single, cross-asset TCA across portfolios. |
Cross-asset analytics and reporting is described as a key product advantage. | |
Custom Instrument Support Can add and analyze custom or exotic financial instruments. |
No information available |
24/7 Technical Support Vendor provides round-the-clock technical support. |
24/7 support available per FIS service and SLA documentation. | |
Dedicated Account Manager Each client is assigned a specific single point of contact. |
Dedicated account managers assigned to clients as part of service package. | |
SLA Uptime Guarantee The guaranteed maximum system downtime per year. |
No information available | |
Regular Product Updates Frequency of functional and security updates released per year. |
No information available | |
Knowledge Base & Community Vendor maintains an updated technical knowledge base and community forum. |
FIS maintains a client knowledge base and user community portal. |
Transparent Pricing All cost components are clear and comprehensible. |
Transparent pricing referenced by vendor with itemized subscription and implementation costs. | |
Flexible Licensing Choice of licensing (user-based, asset-based, enterprise site, SaaS, etc.). |
Flexible licensing options outlined in RFPs and commercial docs (SaaS, enterprise, etc.). | |
Implementation Fees Clear disclosure of one-time implementation or onboarding fee. |
Onboarding and implementation fees are clearly disclosed in pricing. | |
Pay-Per-Use Option Usage-based billing is available. |
No information available | |
Total Cost of Ownership (TCO) Dashboard Platform provides tools to estimate and monitor TCO. |
No information available |
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