CA Cheuvreux’s European Smart Order Routing (SOR) tool can now route orders to Nasdaq OMX Europe, the multilateral trading facility (MTF) owned by the US exchange group. Cheuvreux is already a member of all Europe’s major incumbent exchanges and has connectivity to other European MTFs such as Chi-X, Turquoise and BATS Europe.
Smart routing tools enable investors to route orders to different execution venues dependent of factors such as liquidity and optimal bid-offer spreads to achieve lower trading costs and market impact. Cheuvreux said its SOR provides clients with “a cost-efficient facility while also taking into account their trading preferences by tailoring smart execution policy to their investment style”.
“As market liquidity continues to fragment with the arrival of new destinations, we are committed to seeking out the best trading routes for our clients in a landscape increasingly driven by technology and efficiency,” said Jerry Lees, Head of Alternative Execution Services, CA Cheuvreux.
CA Cheuvreux is French bank Crédit Agricole European equity broking arm and a subsidiary of the group’s corporate and investment bank Calyon.