Digital Assets Products & Market Infrastructure
CONSULTING SERVICES
Stronger trading governance and defensible execution.
Market Structure, Trading & Best Execution
Best execution frameworks, execution analytics, algorithmic trading governance, surveillance.
OVERVIEW
SEDA's Market Structure, Trading & Best Execution practice advises on trading governance, best execution policy design, algorithmic trading oversight, and market structure strategy for broker-dealers, buy-side firms, and exchanges.
Our practitioners include former heads of trading, market structure experts, and algorithmic trading specialists who have built and managed trading businesses at global institutions — with direct experience of regulatory examinations focused on best execution and market conduct.
We work across policy and framework design, execution analytics, algo governance, and surveillance system design to ensure that trading operations are both effective and defensible.
WHAT WE DELIVER
Best execution policy design and review
Execution quality analytics and benchmarking
Algorithmic trading governance framework
Trading surveillance design and gap analysis
Market structure strategy and analysis
Regulatory examination support
Typical deliverables
What to expect from an engagement.
01
Best Execution Policy
A comprehensive best execution policy and supporting framework, covering execution factors, venue selection, monitoring, and governance.
02
Execution Quality Report
Independent analysis of execution quality, benchmarked against industry standards, with findings and recommendations for improvement.
03
04
Surveillance Gap Analysis
Assessment of trading surveillance coverage against regulatory requirements and best practice, with prioritized recommendations for enhancement.
Algo Governance Framework
A governance framework for algorithmic trading, covering pre-deployment approval, testing standards, kill switch procedures, and ongoing monitoring.
ASSET CLASS COVERAGE
Trading governance built by former traders.
SEDA's market structure team has run global equities desks, built algorithmic trading systems, and managed best execution programs at bulge-bracket institutions. We understand what actually happens on a trading desk — and what regulators look for when they examine one.
Global equities (cash, program, DMA)
Listed options and futures
Fixed income and credit trading
FX and rates
ETF market making and execution
Digital asset trading infrastructure