Fixed Income Best Execution Engine (SABE)
Higher system performance
The best and automatic execution of orders on bonds.
DEDICATED TO
COMMERCIAL BANKS
ONLINE BANKS
INSURANCE COMPANIES
MANAGEMENT COMPANIES
FUNDS
SIM
GOALS
OBTAIN THE BEST POSSIBLE PRICE ON BOND PRODUCTS BY COMPARING EXECUTION VENUES WITH DIFFERENT STRUCTURES
Fixed Income Best Execution Engine (SABE)
Created in 2007 from an innovative and proprietary project, SABE is our automated dynamic Best Execution system for bonds, which competes with the best available execution venues belonging to all the categories envisaged by the MiFID II Directive and MiFIR Regulation (regulated markets, MTFs with order book or request for quote structure and carefully selected OTFs).
How we work
The system is activated after receiving the customer’s order by automatically proceeding at the execution venue with the best price conditions.
It competes with the best available execution venues taking into account their different characteristics. In addition, each step is automatically filed for subsequent, so checks can be made afterwards to see that the order has been correctly executed in line with the signed policy and the general conditions of the markets.
The technical aspects of dynamic best execution
Tullio Grilli, head of the Electronic Brokerage at Banca Akros (Banco BPM Group) was interviewed by the journalist Vittorio Carlini for “Dialoghi tra finanza e innovazione”, Il Sole 24 Ore video format that deals with the relationship between new technologies and the world of finance.
SABE STATISTICS
SABE statistics allow you to analyse:
- the total of orders received
- the total of orders executed
- the total of financial instruments traded
- the total execution ratio (the ratio of executed orders to received orders)
- the total volume of orders received and executed
- the five most traded securities
- the percentage of orders executed on the execution venues used
STATISTICS ON PLACED ORDERS
Statistics on bond orders sent to regulated markets or MTFs allow a glimpse into the markets we directly participate in, such as:
- MOT, EMOT, EXTRAMOT
- ETLX
- Vorvel
And on markets in which we intervene indirectly, such as Six Market, German regional exchanges or bond markets managed by Euronext.
WHAT SABE OFFERS
Choosing SABE means benefiting from an excellent Best Execution service but also accessing a wide range of additional services. After finding and communicating the tailor-made solution, we provide customers with all the necessary information, monitoring and support, ensuring:
- automatic access to all the best execution venues for trading bond products
- daily and automatic performance measurement with dynamic ranking and a dynamic generated ranking list
- receipt and management of “limited” and “best” price orders
- receipt and handling of orders sent in non-standard settlement currencies
- feasibility check for each order sent, against objective criteria and specific filters
- care mode service for orders that cannot be executed immediately
- magnet service for Italian and foreign markets to order books
- management of revocations of sent orders and unsuccessful orders
- cross-order service
- demonstration of the application of the principle of dynamics through access for each order to the reserved PTA section
OUR ADDED VALUE
The extra factor provided by Banca Akros is automation and strict compliance with European regulations.
ETF Best Execution Engine (SABEetf)
Automatic access to all the best execution venues for trading ETFs, ETPs, ETCs and ETNs.
SABE (Best Execution Engine)