Industry Seeks Cross-Asset Smart Order Routers
The next frontiers for smart order-routing (SOR) are multiple asset classes and multiple venues, according to industry participants who explored the future of these systems at the Best Execution USA conference, hosted by WatersTechnology.
"As more liquidity venues become more automated, firms will utilize more automated means to tap the liquidity," says Raymond Judge, head of trading at Royal Oak Capital Management, who spoke on a panel at the conference. "We see the growth of electronic trading
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