Canadian markets operator Aequitas has signed up its first customer for a new smart order router (SOR) technology deploying latency normalisation strategies.
Canadian dealer and market operator BBS Securities is the first client to sign up for the SOR.
One of the key features of the routing logic is that is deploys latency normalisation, meaning every order is delivered to each venue simultaneously.
BBS said this technique can help to deliver better outcomes for its clients.
Bardya Ziaian, preident and CEO of BBS, said: “This innovative technology is an important tool for us to achieve best execution for our clients, protecting them from predatory traders. This added-value router at a low cost also helps reduce the technology burden faced by many independent dealers and puts us on equal footing to those larger firms who invest in their own technology.”
Aequitas said its routing strategies are focused on the needs of long-term investors and their dealers and offers features to help them deliver and improve up their trading strategies.
Earlier this year Aequitas launched a stock exchange in Canada, aiming to provide a market that works for institutional investors and issuers by making it more difficult for high-frequency trading firms to execute their strategies.
The Aequitas SOR can be integrated with existing order management and execution management systems and used alongside other order routing solutions. The firm also plans to provide performance reporting tools to enable users to assess the execution quality of the SOR.