A routing solution to select brokers based on benchmarks and find liquidity across dark pools Benefits The overall benefits from the solution are: To increase the performance of execution while respecting stringent compliance rules. To enable granular and analytical view of brokers, brokers’ algorithms and dark pools execution performance. To create a broker-independent and automated execution technology for finding liquidity. … Read More
Tag: Lit and Dark
Case Study: SaaS Lit and Dark smart order routing for European equities market
The problem The client, an international large agency brokerage firm, wanted to revamp its execution services with the following objectives: To build a set of flexible liquidity seeking smart order routing algorithms for dark venues (broker and exchange dark pools) and lit markets across European equities markets. To provide MiFID Best Execution reporting and Transaction Cost Analysis. To connect to … Read More
Product Brochure: Smart Order Routing (SOR)
In the modern market, executions require an Adaptive Smart Order Router. The role of the SOR is to successfully execute a chosen strategy, achieving more than just best price. In a highly fragmented and fast/dynamic marketplace, the Adaptive Smart Order Router is a crucial component of each execution. Its role is to successfully execute a chosen strategy, achieving more than … Read More
Evolution of Dark Pools
Dark Pool Routing Introduction It is fast becoming accepted wisdom that systemic change has occurred in the Capital Markets. We hear increasingly strident voices telling us that markets are too fragmented; best execution is elusive and investors are being disadvantaged. One of the results of this popular criticism is that regulators, who were already under immense pressure to be seen … Read More