Smart order routing Archive

January 07, 2009

Thomson Reuters expands routing network in Latin America

Thomson Reuters has added two Brazilian and two Mexican brokers to its order routing network. read more>

January 05, 2009

Nasdaq OMX Europe revises onward routing service, fees

Nasdaq OMX Europe, a pan-European multilateral trading facility (MTF), has modified its onward routing fee structure for the third time since its launch last September and has added new trading venues to the service. read more>

January 05, 2009

Buy-side still needs SOR education – Lees

While some buy-side traders have grasped the importance of smart order routing (SOR), others still have some work to do, according to Jerry Lees, head of alternative execution at agency broker CA Cheuvreux. read more>

December 15, 2008

BATS implements new routing strategy

US securities exchange BATS has released a new smart routing strategy, DART (Dark Anonymous Routing Technique), and amended its default order routing path to incorporate the new offering. read more>

December 12, 2008

HCL Technologies launches smart order router

Indian IT firm HCL Technologies has launched a low-latency smart order router (SOR), BestXek SOR, which can route orders to execution venues in under five milliseconds under normal market conditions. read more>

December 02, 2008

Neonet upgrades SOR for maker-taker opportunities

Neonet, a Nordic agency broker and trading technology provider, has upgraded its smart order router technology, to provide its customers with an increased number of execution options. read more>

December 02, 2008

FlexTrade links SOR to Canada’s Alpha ATS

Trading systems provider Flextrade has connected the smart order routing function of its FlexTRADER execution management system (EMS) to Alpha ATS, the Canadian alternative trading platform that went live on 7 November. read more>

November 25, 2008

Fidessa’s multi-venue trading tool attracts 20 clients

More than 20 clients have signed up to use trading technology firm Fidessa’s European Intelligent Liquidity Access (ILA) strategy since the launch of its first phase in April, the firm said. read more>

November 24, 2008

Borsa Italiana unit offers Apama tools to clients

BIt Systems, the technology services division of Italian stock exchange Borsa Italiana, is to offer its clients access to Progress Software’s Apama complex event processing services through its hosted application service provider (ASP) environment. read more>

November 18, 2008

Chi-X launches exchange services business

Chi-X Global has bought data management firm Cicada, which it will use to create Chi-X Global Technology, a unit supplying technology-based services to exchanges and alternative execution venues. read more>