Trillium Surveyor launched a redesigned version of its best execution analytics engine, shifting trade performance monitoring from quarterly cycles to a daily process.

The update introduces interactive tools designed to assist both trading and compliance teams in identifying inefficiencies and meeting regulatory expectations.

Replacing Manual Reporting Cycles

The new system allows firms to analyze large volumes of execution data in real time. It highlights outliers in pricing, timing, and fill rates, and delivers structured reports through a shared interface. This is intended to reduce reliance on manual processes and lengthy reporting cycles.

Legacy systems have traditionally delayed performance analysis, often limiting firms to retrospective quarterly reviews. Trillium’s updated platform introduces tools for immediate performance review, which can be used across asset classes.

“Traders and compliance officers don’t always speak the same language, but now they can work off the same data, in the same place, with the same level of confidence,” said Melissa Watras, Director of Product at Trillium Surveyor.

Trillium developed the new features in consultation with the best execution committees across the industry. The changes focus on making execution data easier to interpret and share, with an emphasis on usability in both retail and institutional markets.

According to the company, the updated platform supports compliance with amended regulatory standards such as the SEC’s revised Rule 605. It can be used on its own or integrated with Trillium’s trade surveillance tools for a broader view of trading activity.

Broader Industry Context

The update comes amid increased scrutiny of execution quality and rising expectations for firms to demonstrate compliance in real time. As regulatory requirements evolve, firms face growing pressure to improve internal reporting structures and minimize inefficiencies in order flow.

Trillium’s platform redesign is part of a broader trend toward real-time analytics in capital markets, where both regulators and market participants are placing greater emphasis on timely, data-driven insights.

Source: Finance Magnates