A Rich Man's Game?
When it comes to smart order routing (SOR) there are really only two choices for most firms: Either roll your own platform or rely on your neighbor’s engine to route your orders to market. The former involves a significant investment in time and resources while the latter, though cheaper, always leaves the lingering doubt of whether you are truly getting best execution.
Over the years as the market has become more fragmented and the clients’ demands have become more complex, smart order routers
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