Greenwich Dealing, the Geneva-headquartered outsourced dealing specialist serving buy-side institutions, has chosen regulatory technology from eflow and xyt to sharpen its supervision of execution activity and its compliance framework.
The combined deployment is designed to give the firm tighter control over execution quality, broker performance measurement and regulatory obligations. The move reflects a wider shift in supervisory expectations, with watchdogs demanding greater transparency over how firms choose brokers and the reasoning behind their trade surveillance strategies.
Under the arrangement, eflow will supply Greenwich Dealing with trade surveillance spanning its dealing operations, giving the firm structured monitoring of both pre and post-trade activity and regulatory risk. xyt complements this with its independent trading data intelligence platform, offering tick-level transaction cost analysis covering more than 120 venues worldwide, alongside bespoke execution reporting and broker performance assessment built on addressable liquidity data.
The two vendors also share a strategic connection, as both sit within the Finch Capital portfolio.
Greenwich Dealing operates as an independent outsourced provider for institutional investors trading in markets around the world. It maintains relationships with upwards of 150 brokers, investment banks and alternative venues, and also supplies clients with market intelligence and guidance on pre and post-trade matters.
By pairing the two platforms, the firm gains the ability to monitor execution standards with regulatory assurance while underpinning its broker selection with performance analysis shaped to each client’s reporting requirements under MiFID II.
Greenwich Dealing head of execution trading Maxence Boniol said, “Our regulatory strategy demands both rigorous trade surveillance and granular analysis of execution outcomes. We selected eflow and xyt for the strength and breadth of their market data coverage, which gives us the depth of oversight required to monitor market abuse and best execution. Their flexibility further allows us to maintain the consistent, high-quality regulatory reporting that institutional execution services demand.
“Just as importantly, the granularity of their execution analytics enhances our ability to refine broker performance feedback and measure order impact across markets, sharpening the precision of our offering. Together, these technologies reinforce our commitment to the highest regulatory standards in institutional execution.”
eflow CEO Ben Parker said, “Greenwich Dealing’s selection of eflow’s trade surveillance technology reflects how buy-side firms are evolving their compliance approach. Their need for comprehensive oversight of their market abuse risk, coupled with a system that can evolve and adapt to changing business needs meant that our solution was a perfect fit.
“Our partnership with xyt demonstrates how specialist providers working together can deliver precisely what firms need to remain compliant and competitive without compromising on quality.”
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