Smart Order Routing

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Overview

Taking an intelligent approach to Smart Order Routing, the itarle iSOR first looks at the size of the order relative to the consolidated orderbook for all relevant exchanges.

The iSOR then calculates the most statistically optimal way to split the order for best execution, considering price, exchange fees and venue preferences. The iSOR logic updates on a tick by tick basis, offering dynamic best execution capabilities. Also embedded are complex anti gaming techniques ensuring that the iSOR

Key Benefits

  • Improves the overall execution price of client orderflow
  • Improves liquidity opportunity capture thus reducing ‘gaming’
  • Reduces execution and clearing fees
  • Reduces fragmentation messaging to free up bandwidth on your network

Product/Service details

User Suitability (Capital Markets & Investment Mgmt)
Asset Managers, Trading firms
Geographic Availability
Europe