Quod Financial’s Adaptive Execution Platform trading system now enables sell-side firms to connect directly to exchange group NYSE Euronext’s lit and dark European multilateral trading facilities.
NYSE Arca Europe is a pan-regional venue that offers trading in European stocks not listed on NYSE Euronext bourses in Paris, Brussels, Amsterdam and Lisbon, while SmartPool in a non-displayed liquidity pool created in partnership with HSBC, J.P. Morgan and BNP Paribas.
Access to the complete suite of NYSE Arca Europe and SmartPool trading tools is integrated into Quod Financial‘s Adaptive Smart Order Router (ASOR). ??
“This enables our clients to find the trading destination that offers best execution on European securities and to overcome the challenges of fragmentation. With this focus in mind, Quod Financial have integrated NYSE’s complete offering of lit and dark venues into our liquidity-seeking algorithm,“ said? Ali Pichvai, CEO, Quod Financial.