BEST EXECUTION AND QUANTITATIVE ANALYSIS
Mile 59 is not a TCA vendor. We are a process-driven development and analytics company. A scientific approach with rigorous quantitative analysis is in our DNA.
We help firms achieve Best Execution with this unique combination of a qualitative understanding of market structure and internal firms’ processes, along with a tried-and-true quantitative approach that has yielded significant benefits for our clients. Our approach and process has been developed with an understanding that each firm is different, has different priorities for execution and different order flow dynamics. We identify the appropriate benchmarks and metrics for each individual firm (or portfolio), and help to build research studies and reports around those. We are able to take a holistic view of each firm, and help them identify internal and external inefficiencies; from portfolio management to broker relationships, and from trading to legal and compliance. Our primary focus is trading and execution.
We have not only built our own analytics platform for customized studies, but through our work with the AlgoFinance project, we have developed one of the most advanced simulation environments, capable of combining quantitative and qualitative results under a single unified framework. This unique approach which combines advanced analytics with a deep knowledge of market microstructure leads to better outcomes for asset managers.
We have worked with firms across regions and asset classes. We have built customized equities, fixed income and FX TCA solutions that help individual firms focus on the factors that matter most to them. We have realized substantial savings in execution costs for our clients. Let us help you!
- Compliance consultant for $100B+ Quantitative Trading Firm regarding best execution procedures, Market Access Rule 15c3-5 and other compliance monitoring for adherence to best industry practices
- Compliance consultant for $200B+ pension plan regarding best execution procedures, commission sharing and management, unbundling of research, broker scorecarding and transaction cost analysis.
- Best execution procedures and ongoing quantitative analysis for $20B+ equity-focused hedge fund.
- Best execution procedures, ongoing Best Execution committee preparation/attendence and customized quantitative analysis across multiple asset classes for $15B+ hedge fund.