S3, a financial services software company that provides customised solutions to monitor and analyse trade execution, today announced that is has signed a major U.S.-based retail broker to its best execution analytics software platform, for both equities and options.
The customer win represents the ongoing growth of the Company's client base of retail and bulge bracket banks, institutions, broker-dealers, exchanges, and market makers in addition to retail brokers.
S3's proprietary software tools provide clients with a comprehensive understanding of those factors impacting best execution across the multitude of trading venues available in today's fragmented market environment. Additionally, the Company's reporting capabilities allow customers to better comply with regulatory mandates such as SEC Rule 605 and 606. With the recent retail broker customer win, S3 continues the success it experienced in 2015, when it signed a number of major firms as clients utilizing its analytical tools for equities and options. S3 has expanded its staff throughout the last 12 months and implemented major enhancements to its product offerings stemming directly from customer feedback. Additionally, the Company has increased its back-end bandwidth to support increased traffic on its software platform in order to ensure complete and uninterrupted service for all clients.
Mark Davies, CEO of S3, commented on today's news, "We are excited to now count one of the largest U.S. retail brokers among those clients utilizing our software suite to monitor best execution for both equities and options. Our innovative technology platform allows customers to determine those factors impacting execution quality, which will be critical as this broker seeks to provide the best trading solutions for its retail clients. As our customer base continues to grow, we improve the functionality of our best execution analytics and regulatory reporting tools on an ongoing basis, while helping firms achieve best execution through data analysis."
S3's tools are implemented and tailored to the exact specifications of new clients from the outset of engagement, providing customers with the exact reporting capabilities that best suit their businesses. These fully customizable market data solutions enhance best execution analysis uniquely for each client, and S3 works directly with retail brokers, market makers, exchanges, broker-dealers, banks and institutions to optimize the functionality of its software. The Company offers clients access to a number of analytical tools that simplify the order management process, opening the door to better trade execution and regulatory compliance.
Mr. Davies continued, "Customizing our services in support of every client's market structure analysis needs lies at the heart of our business. I would like to thank our recently bolstered team, which has done an outstanding job of ensuring that every customer's trade monitoring specifications and reporting requirements are accounted for. 2015 was S3's strongest year to date, and we look forward to ongoing success in 2016 as we continue to expand our client base, hire additional staff and unveil further enhancements to our market structure analytics platform in the near-term."