Best Execution Metrics
EU regulation prescribes that trading venues must publish some comprehensive best execution metrics on a quarterly basis.
SIX Swiss Exchange intends to publish Best Execution Metrics according to RTS 27 provisions. This is an obvious contribution to improved market transparency.
Art. 27(10): Obligation to execute orders on terms most favourable to the client
RTS 27: Best Execution
- ESMA Q&A on MiFID II and MiFIR investor protection and intermediaries topics (ESMA35-43-349)
Q: How can investors access Best Execution Data generated by SIX Swiss Exchange?
A: SIX Swiss Exchange will produce a serie of downloadable .csv files every quarter containing the full range of Best Execution Benchmarking Data required by RTS 27. Files will be available on SIX Swiss Exchange website in the Market Data/Statistics section free of charge. ESMA prescribes to publish Best Execution Data on a quarterly basis starting from late June 2018.
Q: Can SIX Swiss Exchange Best Execution Data be made available before late June 2018?
A: SIX Swiss Exchange is currently assessing whether Best Execution Data can be made available daily from Q1 2018 on a commercial basis.