Smart Order Routing: Visualising What’s Needed for Best Execution with Smart Order Routing
At 04 Jun 2008 15:34:17 in A-Team Delivery Terms, A-Team Free, A-Team Insight Quarterly, ATIQ-Issue 4 - Q2 2008, ET-Best Execution, ET-Order Routing, ET-Your Say, Electronic Trading, MM-Smart Order Routing, MiFIDMonitor.com
So how do you actually achieve best execution using Market Aggregation and Smart Order Routing? When in doubt, draw a diagram…
By Dr Mark D. Spiteri, Head of Software Development, Apama Products
The trading world has now definitively moved beyond single-venue trading. Notwithstanding which asset class you specialise in, and definitely if you are pursuing cross-asset class trading, the fact of the matter is that to be competitive you need to be connected to multiple venues. Reg NMS and MIFID might have made everyone more conscious of the requirement to provide best execution, but competitive pressures would have prevailed otherwise and compelled a similar response.
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