Best Execution & Conduct
Client order handling monitoring for front-running, information leakage and best-execution conduct breaches
Client Orders Reviewed (24h)
12,640
Conduct Flags Raised
6
Under Investigation
1
Avg. Execution vs. VWAP
+0.03%
| Order ID | Client | Desk | Conduct Flag | Status |
|---|---|---|---|---|
| ORD-88213-4 | Fenwick Pension Trust | Equities Sales Trading | Front-Running Suspected | Under Investigation |
| ORD-90441-1 | Northlake Asset Management | Fixed Income | Information Leakage — Pre-Hedging | Analyst Review |
| ORD-33812-7 | Castellan Retail Group | Equities Sales Trading | Execution Price Outlier vs. VWAP | Analyst Review |
| ORD-71190-2 | Aurelia Family Office | FX | Last Look Rejection Pattern | Closed — No Action |
| ORD-20984-9 | Northwind Infrastructure | Fixed Income | Order Handling Delay | Closed — No Action |
About This Agent
Data on This Page
Client orders with a conduct flag (front-running, pre-hedging leakage, execution price outliers, last-look patterns, handling delays), the desk involved, and investigation status. Stat tiles cover client orders reviewed in the last 24 hours (12,640), conduct flags raised, open investigations, and average execution price versus VWAP.
What This Agent Does
Compares the firm's own trading activity against every client order it handles to detect front-running or pre-hedging ahead of a large client order, benchmarks execution prices against arrival price and VWAP to catch systematic client disadvantage, and monitors order handling timestamps for unexplained delays that could indicate information being used elsewhere first.
Worked Examples
- Order ORD-88213-4 for Fenwick Pension Trust shows a suspiciously well-timed proprietary trade in the same direction 90 seconds before the client order hit the market — under investigation as suspected front-running.
- Northlake Asset Management's fixed income order shows a pattern consistent with pre-hedging ahead of size, currently under analyst review to confirm it falls within permitted risk management activity.
- Aurelia Family Office's FX last-look rejection pattern was closed with no action — rejection rates were within the liquidity provider's disclosed and agreed tolerance.