Tag: Smart order routing

Agency broker ITG has released a new trading tool for retail broker-dealers to access liquidity.

Newedge Group, a multi-asset brokerage, has extended its US smart order router for equities and equity options to external market participants, which it says will be particularly useful for small- and mid-sized firms with constrained resources.

Algo use on the buy-side is now way beyond simply being an efficiency tool. It’s all about alpha and seeking out liquidity, which is why brokers are under pressure to prioritise more order-routing transparency.

TORA, an agency broker and technology vendor for Asian markets, has expanded its smart order routing solution to Hong Kong in anticipation of greater fragmentation of liquidity in the region.

Finnish asset management firm Pohjola Asset Management has teamed with agency broker and software vendor ITG to launch a smart order router that is unconflicted by brokers' commercial motives.

UBS has received regulatory approval from the Securities and Exchange Board of India (SEBI) to offer its smart order routing technology in the country.

The Australian Securities Exchange has chosen trading technology supplier Fidessa to provide the software and infrastructure for ASX Best, the bourse's new smart order routing platform.

Global broker UBS expects to expand its smart order routing capability in Asia, launching in India over the next few months followed by Australia later in the year.

Agency broker Instinet has reported that its European smart order router technology was able to identify the best price in the market for UK stocks 99.9997% of the time, in a study by software and market data provider Intelligent Financial Systems.

Poor routing decisions, caused by overlooking features of different displayed markets that can affect execution quality, could be costing US investors up to US$4.5 billion per year, according to a new report.