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Solutions : Smart Order Routing

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Algorithms versus SOR. Download white paper

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Download SOR data sheet

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Selero Smart Order Routing and Best Execution Technology (SORBET) provides a wide array of routing and algorithmic capabilities ranging from Direct Market Access, to intermarket sweep orders, to adaptive hybrid strategies for advanced liquidity taking and providing. These capabilities aggregate both displayed and non-displayed liquidity and allow traders to achieve best execution and to maximize profits.

Trading Strategies Versus Execution Strategies

Trading Strategies and Execution Strategies are complements to each other. In general, Trading Strategies, implemented by Order Management Systems and/or Algo Engines, are choices regarding when and how to execute a trade, and Execution Strategies, implemented by Smart Order Routers, are choices regarding where and how to execute a trade.

Execution Strategies

SORBET provides traders with a variety of execution strategies to choose from, and it allows them to use those strategies as building blocks to create adaptive, hybrid, flows. In addition, it gives graders control over configurable parameters to drive strategies and control over triggers used to drive automated adaptation. Finally, it allows them to change strategies, parameters, and triggers at any time, to reflect changes in their execution priorities and changes in market condition.

SORBET provides the following:

  • Direct Market Access
  • Reg NMS Routing and Intermarket Sweep Orders
  • Dark Pool Access
  • Active Limit Orders
  • Hybrid Strategies
  • Heat Maps
  • Configurable Parameters
  • Reporting
  • Execution Services made available from Nunami Services LLC, member FINRA, www.nunami.net

For more information, download our data sheet (see links at top and bottom of this page), and read our Intermarket Sweep Order White Paper.

Download data sheet in printer-friendly PDF format Click to download

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