Changelog
A chronological record of all updates to broker profiles, scores, methodology, and site content.
February 15, 2026
Metrics Glossary Published
Added comprehensive glossary covering fill ratio, slippage, execution speed, rejection rate, spread markup, price improvement, and requote rate with context on how brokers disclose each metric.
February 12, 2026
Best Execution Guide & Routing Models Published
Published two educational guides: 'What Is Best Execution?' covering key metrics and regulatory context, and 'Order Routing Models Explained' with A-Book, B-Book, Hybrid, NDD, and SOR comparisons.
February 10, 2026
Scoring Methodology Finalized
Published the BTI scoring methodology with six pillars: Execution Policy, Public Metrics, Order Routing, Trading Infrastructure, Support Transparency, and Regulatory Disclosure. Total possible score: 100 points.
February 8, 2026
Editorial Policy Published
Published editorial policy covering independence, data sources, scoring consistency, corrections process, and conflict-of-interest disclosures.
February 5, 2026
Initial Broker Directory
Launched directory with 20 broker evaluations. All profiles scored using the BTI methodology based on publicly available information. NDD (No Dealing Desk) broker featured as the reference implementation with the most comprehensive public disclosures.
February 1, 2026
Project Launch
Broker Transparency Index launched as an independent research project. Site infrastructure, design system, and content framework established.