Order Routing & Trade Execution

NetSuite is the leading integrated cloud business software suite, including business.

The classic definition of Smart Order Routing is choosing the best prices and order distribution to capture liquidity. Category 3 was understood only by the most sophisticated of investors until recently.

Level II Accounts

Prepared the global order routing architecture for a global institution, including total cost of ownership of current systems, documentation of existing functionality and flows, desired functionality as well as recommendations for in-house or vendor alternatives.

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Please fill out and submit the following information. We respect your privacy. We sent an Verification Code to your email address. Of those, the majority cited order routing data as the biggest area for improvement. Dave Weisberger, head of equities at ViableMkts, says unfilled order information is imperative for asset managers trying to analyse and understand performance while controlling the costs, conflicts of interest and keeping in line with best execution policy.

As full order routing transparency continues to top the ever-growing list of concerns for asset managers, trading technology companies are slowly but surely emerging to provide such solutions to the buy-side. Chief executive at Dash Financial Technologies, Peter Maragos, has seen this trend developing first-hand. Dash provides a technology platform offering full order routing transparency, and Maragos says the firm has seen considerable growth in recent years, in large part due to its transparency services.

With regulations like MiFID II looming and its global impact becoming clear, transparency and unbundling are more relevant than ever to clients globally. Every basis point counts in terms of execution quality. Similarly, Clark at Luminex, which provides a fully transparent alternative trading venue for the buy-side that does not route out orders, says there are technology firms in this space that provide market-based solutions to help the buy-side interpret the complex, granular data.

However, as is often the case, the cost of implementing such a system can be one of the most influential factors for asset managers. But in most cases it is a matter of implementing the platform, system or product. In many ways, the buy-side could do more to ensure brokers provide full order routing transparency. The buy-side should be asking their counterparts for full order routing transparency, although the sell-side is in many cases dictated by costs and under the same technological constraints.

Continuum is a powerful new approach to automated testing developed to build trading system resilience and designed to protect against large scale systematic errors. It has been specifically developed to empower complex enterprise trading environments and deliver immediate benefits in the Learn more about Continuum by Itiviti. ConvergEx Group We support active portfolio managers with sophisticated equity and credit research, insightful investment ideas, non-conflicted trading and execution services, comprehensive brokerage solutions and high quality capital markets transactions.

Bloomberg Tradebook Bloomberg Tradebook provides front-end technology and analytics and is a leading agency broker for options. We provide clients with a single platform that uses quantitative data models and analytic-driven selection to route orders to a suite of destinations, empowering traders to optimize Argo SE is a financial technology provider.

We design highly efficient electronic trading and risk management software. Broadridge Financial Solutions, Inc. Broadridge offers banks, retail, institutional and discount brokerage firms, and correspondent clearing firms, a wide range of cost-effective and scalable multi-entity, multi-currency securities processing solutions. Learn more about Brokerage Processing Services.