Institutional Trading
Execution across traditional and digital markets.
Two markets, one execution standard
Traditional markets
- Order routing
- Counterparty selection
- Settlement conventions
- Confirmations and records
Digital asset markets
- Venue and liquidity selection
- Trade size and timing
- Custody and settlement flow
- Post-trade records
The points above are illustrative and describe the kinds of considerations involved in each market, not a fixed service list.
How execution is organised
Pre-trade checks
Confirm the details of the order, the venues in scope and the constraints that apply before anything is sent to market.
Execution
Work the order using the routing and timing that suit its size, liquidity and the conditions on the day.
Post-trade handling
Follow the trade through confirmations, settlement flow and any exception that needs to be resolved.
Record and report
Keep clear records of what was executed and share the reporting your team needs to review.
What we focus on
Execution quality
- Choosing pricing and an execution approach that fit the order
- Routes for accessing liquidity across venues
- Handling exceptions and unusual conditions
Institutional support
- Communication before and after execution
- Retention of records and confirmations
- Coordination with custody and reporting
Execution across market conditions
Liquidity and volatility change through the day, so the way an order is worked needs to change with them. The approach is adjusted to the conditions in front of us rather than fixed in advance, while the checks and records around each trade stay consistent.
- Adjust timing and size as liquidity thins or deepens
- Spread activity across venues when a single route is not suitable
- Slow the pace or stage a larger order when conditions are unsettled
- Keep the same checks and records whatever the market does
Related services
Discuss your execution requirements
Tell us how your team trades and what you need from execution, and we will talk through how our approach can fit alongside your existing process.
Speak with our team