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Otkritie Securities Limited is one of the largest participants (by volume and turnover) on the London Stock Exchange’s International Order Book. Trading on the Russian exchanges differs somewhat from most other European markets; in order to allow international clients more effi cient and cost-effective access to Russian markets, OTKRITIE has developed a suite of Direct Market Access solutions. In addition to the classical brokerage activities – direct electronic routing of care orders for manual execution by the trading desk, electronic solutions allow exchange connectivity with


transparent and anonymous Direct Market Access (DMA). OTKRITIE electronic market coverage includes all major Russian exchanges – MICEX, RTS and FORTS as well as the main European and US equity and derivative exchanges. Connection to the Electronic trading desk is technology-neutral. Clients can use their existing systems to route orders to OTKRITIE, an FSA-authorised London – based brokerage fi rm. The system is compliant with major trading systems and networks, along with FIX. Proximity hosting and co-location services are also available for latency sensitive clients. We believe that Russia is one of the most exciting opportunities in emerging markets, and OTKRITIE is ideally placed to provide advice, expertise and solutions. w ww.otkritie.com


Our proven track record for custom analysis was


TAG is an independent and unbiased provider of trade performance and market quality assessment for the securities industry. Founded in 1996, TAG pioneered the fi rst standardised execution quality TAG Report by creating ground-breaking Industry Average Benchmarks. Since that time, TAG has been developing numerous


products including innovative and powerful Execution Analytics Solutions measuring: quality of execution, competition between market participants (Exchanges, Execution venues, Brokers), US Best Execution Compliance reporting, Transaction Cost Analysis, and more.


created by the fl exibility of our proprietary TAG IQ Engine which will tackle any size custom request. TAG helps market participants to take control of Best Execution, Trading Costs, Market Fragmentation, and Regulatory Obligation in this quickly evolving global landscape. The TAG team understands the importance of timely and knowledgeable communications to help you gain the information you are looking for. Please feel free to email or call us so we can address your needs. Toll-Free: +1 888-423-0300 Voice: +1 646-375-1560 Fax: +1 646-375-1570 Email: sales@tagaudit.com


www.tagaudit.com


Tata Consultancy Services is a business consulting, IT services, business solutions and outsourcing organisation that delivers real results to global businesses, ensuring a level of certainty no other fi rm can match. TCS partners with investment banks, retail banks, insurers, stock exchanges, depositories, custodial services, brokerage fi rms, rating agencies and money markets worldwide. We


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design, implement and manage solutions that add value through improved processes and effi ciencies, reductions in costs and mitigation of risks. A part of the Tata Group, India’s largest industrial conglomerate, TCS has over 250,000 consultants in 43 countries.


Kerry Chapman, Regional Director – Banking and Financial Services kerry.chapman@tcs.com


www.tcs.com Best Execution | Spring 2013


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