Smart Order Routing

European multilateral trading facility BATS Europe has revealed plans to launch a smart order routing service to exchanges, fellow MTFs and dark pools on 15 February. read more »

Global technology provider SunGard has installed new market data distribution (MDD) servers for its GL Net market data and order routing network, which it claims will improve the performance of automated trading systems. read more »

Trading technology provider has pre-loaded its Adaptive Smart Order Router (ASOR) with its library of trading algorithms, which the firm says are designed to deliver better execution and lower market impact. read more »

Agency brokerage Bloomberg Tradebook has launched Tradebook Order API, which it claims will allow users to customise the way their orders are sent to smart order routers. read more »

Smarter aggregation tools will be crucial in expanding European buy-side traders’ access to sources of non-displayed liquidity as fragmentation continues to increase, according to the latest report from research firm TABB Group. read more »

Investment bank Nomura has launched its Nomura Cross (NX) crossing network and SmartDMA routing and execution algorithm in Japan. read more »

US equity trading platform operator Direct Edge has implemented a low-latency market data solution from technology firm Exegy to improve its onward routing speed. read more »

Tora Trading, a provider of agency brokerage services and trading technology to the Asian markets, has linked its TORA Compass trading platform to the Tradeweb Routing Network (TRN). read more »

Buy-side institutions can now connect to Quote MTF, the new Hungary-based multilateral trading facility, via Neonet, an agency broker and trading technology provider. read more »

CM-CIC Securities, the investment arm of French banking group CM-CIC, has chosen a low-latency solution from trading technology provider QuantHouse to help it provide execution services to its buy- and sell-side clients across Europe. read more »