Market Conformity Check & Best Execution

Market Conformity Check & Best Execution

Accurate, Automated and Directive-Compliant Trade Verification Across All Asset Classes


The Market Conformity Check (MCC) & Best Execution services from Anevis Solutions enables financial institutions to meet stringent regulatory requirements for verifying that trades are executed in line with prevailing market conditions.

At the moment of execution, qualified spreads or time series are determined from multiple independent sources, ensuring both accuracy and transparency. This fully automated process covers all asset classes, from highly liquid instruments to illiquid and OTC transactions, significantly reducing operational risk while maintaining directive-compliant standards. Modular components allow you to tailor the service to your specific needs, whether for ongoing trade monitoring, regulatory reporting, or extended best execution analysis.

Customised verification logic

Every trade and asset class has its own characteristics, and our service applies targeted verification rules accordingly.

Reference prices or customised VWAP calculations can be used to assess execution quality, while extended plausibility checks ensure reliability even for block orders or complex transactions. The system provides a centralized database, a reporting engine and a web interface, enabling in-depth analysis, RTS 28 reporting and full audit traceability.

Data procurement and integration

For liquid instruments, market data is collected and processed using your existing vendor licenses, ensuring cost-efficient utilization.

For OTC trades and illiquid bonds, specialised interfaces provide the required market data in the necessary density and variety without the high costs of traditional sourcing. All integrations are fully automated, creating a single, consistent point for processing and verification.

Automated, transparent and audit compliant

From data retrieval to result delivery, the process is fully automated, minimising manual intervention and operational overhead.

Transparent documentation ensures complete traceability of price determination and verification for every asset class, with audit reports designed to satisfy regulatory scrutiny. Fall-back processes and redundant infrastructure further reduce operational risks, while high system availability is guaranteed through operation in ISO-certified data centres (optional).

Your advantages

The MCC & Best Execution services combine high system availability with secure, compliant operations.

All data and results are stored in protected client-specific areas, ensuring both data protection and confidentiality. By avoiding unnecessary in-house data storage and optimising data retrieval processes, you benefit from significant cost savings. Regularly reviewed disaster recovery plans, open source-based infrastructure and bilingual client support ensure that your trade verification processes remain reliable, future-proof and responsive to evolving regulatory demands.

Extendable

The Market Conformity Check (MCC) naturally complements our Transaction Cost Calculation (TCC) service, as both rely on similar data sets and calculation routines. By implementing both services together, clients benefit from seamless integration and additional cost efficiency.

In addition, this service contributes directly to operational risk reduction through automated and directive-compliant Best Execution checks. For extended analyses of portfolio and market risks, Best Execution can be combined with our Risk Management Service, creating a comprehensive oversight framework. Beyond risk and compliance, MCC and Best Execution results can also be integrated into other solutions such as Institutional Reporting from our Marketing Suite, ensuring consistent data usage across regulatory and client-facing documents.

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