Panel: Latency Also Key for Smart Order Routers

Latency has a "big impact" on smart order routing, according to Hirander Misra, COO of Chi-X Europe, who spoke during a recent panel discussion on latency at the FIX Protocol Ltd. (FPL) EMEA Trading Conference. Firms need to interact with a significant number of light and dark pools across Europe and if their connectivity is not optimized they will probably miss executions, says Misra, who adds that market participants should pay attention to the probability of execution in different venues

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