Progress Software Corporation, a global supplier of application infrastructure software used to develop, deploy, integrate and manage business applications, has announced the launch of the Progress Apama smart order router (SOR) accelerator.
Agency brokerage Bloomberg Tradebook’s electronic communications network (ECN) has started to use the FINRA/NSX trade reporting facility, run by US exchange National Stock Exchange (NSX), to report its over-the-counter transactions in all symbols.
Townsend Analytics, an electronic trading solutions provider, has added agency broker On Point Executions’ new STING smart-routing solution to the list of execution destinations for US equity options available through its RealTick EMS.
Following the disclosure of its recent execution results, agency-only broker EdgeTrade says that traders no longer feel restricted to seeking only capital commitment during times of heavy volatility. Between August and October, a daily average of 27.4% of its clients' executions were completed in dark pools through FAN, the firm's smart-order execution algorithm.
In a white paper unveiled on 10 September, EdgeTrade claims that those traders who adopt the agency-only broker's 'smart order execution' algorithms are more empowered than those 'struggling with the 'dumb' technology of smart order routing (SOR).'
On 17 August, a day of high trading volume and volatility, a number of smart order routing providers suffered outages and other difficulties, disrupting trading for some of their clients.
On Monday, On Point Executions, an execution consulting firm providing equity-option smart-order routing solutions, announced the launch of STING, its options smart-order router and liquidity matching
Orc Software, a technology provider for advanced trading, market making and brokerage, yesterday announced significant growth in the number of market participants connected to its high speed order routing ExNet network in the Asia Pacific region.