|
|
 |
|
Smart Order Routing
|
Several intelligent order routing methods are available on Radical that apply "expert system" rules and algorithms
and work out how best to execute the order.
The smart order routing system accesses multiple liquidity pools and uses proprietary algorithms to optimize
the executions. It continuously scans the markets to determine the best destinations for the order and continuously
works to get the best executions for you. It uses variables such as price, speed, liquidity and individual
trader preferences, based on which it seeks the
best execution.The liquidity pools accessed include the ECNs, Market Makers and Exchanges.
Smart Order Router has the capability to seek optimal executions under all market situations while taking into account
different features of each exchange and ECN. Using Smart as a destination for executions enables the user to focus on
the strategy rather than the operational task of sending orders to different destinations. The next
generation Smart Order Router enables the user to maximize productivity, achieve faster fills, achieve price and
size improvement, reduce market impact and avoid opportunity costs.
|
|
|
|
