EMEA/APAC Solutions

Best execution rules - multi-asset TCA - trade surveillance

Our award-winning analytics platform makes us the obvious choice when seeking lower trading costs alongside top-notch reporting options for best execution, all while satisfying necessary compliance mandates including MiFID II and PRIIPs reporting obligations. Since our skill set is broad in nature, applications of our integrated analytics suite are varied and range from regulatory compliance, best execution, optimal strategy selection, all the way through to alpha capture across the entire investment life cycle.

A global commitment to excellence

As the incumbent and leading pioneer in the TCA space with decades of experience, Abel Noser has a long standing and proven track record with our clients. Because we’re not part of a larger financial services company, our market independence is well known. Our smaller size allows us to provide bespoke services in an unconflicted way; a rarity in today’s market.

We benchmark against an enormous universe of empirically based peer trading data (37+ trillion USD annual across asset classes) at no extra cost to our clients.

Our consultancy overlay is top-notch. We spend one-on-one time with our clients to understand their workflow, then marry our quantitative analytics with their qualitative feedback. This customized service provision allows us to identify actionable takeaways and recommendations.

As a nimble, bespoke analytics firm, we’ve built a dedicated team of trained, analytically-focused client service reps and developers, each with backgrounds in analytics and/or trading.

Our TCA and Surveillance Platforms

Our multi-asset, full trade lifecycle data and measurement tools are industry-leading and MiFID II compliance-focused. From pre-trade and real-time best execution review to post-trade analysis and outlier trade surveillance, you’ll experience not just the best tools in the business, but a dedicated client services and assistance team who are ready to customize reporting solutions to meet your specific needs. Available offerings include:

  • Best execution evidence broken out by implicit costs and explicit commission costs
  • Exception-based reports including user defined thresholds for individual or multiple benchmarks
  • Relative peer cost attribution to contextualize global transaction costs and absolute/relative end client reporting
  • Proprietary asset-class-specific methodologies for enhanced measurement accuracy to address opaque market price discovery
  • Attribution report of broker oversight/execution routing decisions
  • Control check on time orders resting on trading desk prior to placement to brokers
  • Identification of potential market abuse through detailed surveillance reporting with annotations memorialized in system
  • Full-range reports generator that includes scheduling and bespoke customization
  • RTS 28 annual reporting obligation per asset class with hosting option
  • Historical repository on Abel Noser servers


We can set up a demo or immersive trial using your own EMS/OMS data so you can experience first-hand the clear value of our data extracts.