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Digital Assets Products & Market Infrastructure

CONSULTING SERVICES

Stronger trading governance and defensible execution.

SEDA Experts

Market Structure, Trading & Best Execution

Related Experts

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

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