A Powerful, Integrated Trade Analytics & Surveillance Platform

For almost thirty years, LiquidMetrix has helped financial institutions improve execution quality, strengthen compliance oversight, and deliver actionable insights across global markets.

Core Solutions

TCA BestEx

Measure execution performance, evaluate trading outcomes and support best execution governance across brokers, venues and trading strategies. 

Market Surveillance

Detect potential market abuse, accelerate investigations, and demonstrate effective regulatory oversight through independent, multi-asset surveillance.

Who We Serve

Buy-Side

Asset Managers | Hedge Funds | Insurers

Measure execution quality, support best execution governance and oversee trading activity across portfolios and counterparties

Sell-Side

Banks | Brokers | Market Makers

Benchmark execution performance, deliver client reporting and gain deeper insight into liquidity provision and trading outcomes

Exchanges & Venues

Exchanges | Market Operators

Monitor market activity, detect abusive behavior and evaluate market quality through comprehensive surveillance and venue analytics

A Pioneer in TCA

LiquidMetrix was founded in 1997, before best execution was a regulatory obligation and before fragmentation made execution quality something firms could measure at all. We built the first product to analyse fragmentation, smart order routing, and venue performance, then extended it to accommodate every structural shift that followed. Nearly thirty years on, that work underpins the analytics used by more than 220 institutions across the buy-side, sell-side, venues and regulators. Development has not slowed. Our recent and in-flight work includes the web release of market surveillance, expanded digital asset coverage, and continued development of the trading analytics platform, always with the same principle: independent measurement at full market depth.

Founded as a consultancy helping exchanges manage their market data

Expanded globally with full data coverage across all major markets

Opened client support centres in London, New York, and Australia

Launched TCA 2.0, our next-generation trading analytics platform

1997
2008
2012
2015
2016
2017
2020
2027

Launched our first TCA product measuring fragmentation, routing and venue quality

Added FX, Fixed Income and Surveillance tools. Acquired by Strategic Insight

Launched Venue Statistics, Derivatives TCA and RTS 27/28 reporting for MiFID II

Coming soon: Market Surveillance on the web; Flexi Dashboards and more…