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Best Execution Pricing.
Best Execution Pricing aggregates top-of-book rates across exchanges for any trading pair, creating a market-representative execution benchmark that’s ideal for reporting and demonstrating execution efficiency to clients.
Robust Pricing For Best Execution
Kaiko Best Execution is designed with global compliance requirements in mind. It delivers a trusted and independent fair market value benchmark, helping justify execution decisions to regulators and clients.
Sourced only from the most liquid venues and using robust aggregation methods, our crypto Best Execution Pricing provides essential validation of your trading decisions and helps demonstrate regulatory compliance.
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All Crypto Pairs
Source prices for thousands of pairs. If it’s traded, we cover it. -
Real-Time Delivery
Get prices delivered through Kaiko Stream every second with near-zero latency, offering updates as soon as market conditions change. -
Compliant and auditable
Meet Dodd-Frank Act and EU AIFMD requirements with auditable best execution values. -
Fragmentation-proof
Address the challenges of market fragmentation with a valuation methodology that applies mark-to-matrix best practices.
About Our Crypto best execution data
An aggregated price for demonstrating best execution for a chosen pair, calculated by capturing the best bids and the best asks from a defined group of exchanges.
- ✓ Benchmarking Top-of-Book Prices – Calculated by aggregating the best bids and the best asks for pairs available on 10-leading exchanges, as defined by the Kaiko Exchange Ranking.
- ✓ Wider Top-of-Book Prices – Calculated by aggregating the best bids and the best asks for any pair available on any exchange covered by Kaiko.
- ✓ Example Data Included – timestamp, best bid price, best ask price, aggregated best bid volume, and aggregated best ask volume.
valuation GUIDE
Download our practical guide “The Unspoken Importance of Accurate Crypto Valuation”
Discover why best execution pricing considerations are essential for brokers to meet best execution requirements under MiCA.
Learn about the challenges in providing a fair market valuation for cryptocurrencies.
Ready to Get Started?
Learn more about how Kaiko Best Execution can support your compliance strategy.Schedule a call with our expert team today.
FAQ
What is best execution pricing in crypto?
Crypto best execution refers to the requirement for brokers, asset managers, and trading desks to obtain the most favorable terms when executing a trade. In crypto, this is uniquely complex because liquidity is fragmented across hundreds of venues with no central exchange. Kaiko’s Best Execution Pricing solves this by aggregating a full order book across leading exchanges, including top-of-book bid and ask prices, into a single, market-representative benchmark, giving firms a reliable reference price for every trade.
What regulations does Kaiko’s best execution pricing help firms comply with?
Kaiko’s crypto best execution data is built to meet the requirements of major regulatory frameworks including Dodd-Frank, EU AIFMD, and MiCA. By providing timestamped, auditable, exchange-aggregated price data, Kaiko gives compliance teams the documentation needed to demonstrate that trades were executed at the best available market price.
Can Kaiko’s best execution data be used as evidence of compliance for audits?
Kaiko’s best execution data can be used as evidence of compliance for audits. Kaiko’s aggregated order book crypto data is fully auditable, with each data point timestamped and traceable back to its source exchanges. This creates a verifiable record of the market price at the moment of execution, which firms can present to regulators and clients as evidence of crypto best execution compliance.
How is Kaiko’s best execution data delivered?
Best execution pricing is delivered in real time via Kaiko Stream with updates every second. Each data point includes a timestamp, the best bid and ask price from the aggregated order book, and the corresponding volume from the best exchange, ensuring firms have everything they need for both real-time trading decisions and post-trade reporting.