RTS 27
When Best Execution RTS27 becomes a walkover
Our Solution
We provide a turnkey solution with generation of all 8 to 9 tables required in the compliant ESMA format such as CSV to be published per button click. The leading edge platform allows you to visualize all tables and stores all the trades.
We capture the required (tick) data for Best Execution and build the RTS27 reports enriched with market data to compare your execution with peers.
Reports are easily reviewed, validated and exported in CSV format, ready for you to upload on your website or an alternative site.
Reporting Obligations
Best execution is an important part of the Markets in Financial Instruments Directive II (MiFID II) ruled in Article 27. The obligation to achieve best execution is in Article 27 of the MiFID II Directive.
RTS27 is a quarterly requirement for execution venues, as well as market makers and SIs, to publish best execution reports. Publication must take place no later than three months after the end of each quarter.
Purpose of RTS27
It is investment firm must take all sufficient steps to obtain the best possible result for its client when executing a client order.
Best execution means achieving the best possible result for customers when executing their orders via execution venues or OTC
Who has to Report?
Execution venues, as well as market makers and SIs, to publish best execution reports
What has to be reported?
All trades have to be reported.