Expanding the Frontiers of Smart Order Routing

Once there were better quotes away from the primary exchanges, ITG traders needed to access them, and deploying a smart order router provided that access, according to Mark Wright, global head of product management with ITG.

As liquidity fragmentation began occurring in other equity markets, such as in Europe under the Markets in Financial Instruments Directive (Mifid), the agency broker managed to leverage its years of SOR experience when deploying its smart order router into the European market

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DORA stalls over identifier dispute

A disagreement over how to classify third-party tech providers on a reporting form known as the “register of information” has held up preparations for the highly anticipated operational resiliency rule in Europe.

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