ITG launches enhanced smart order router
Broker and technology vendor upgrades its routing capabilities
Broker and technology provider ITG has launched an enhanced version of its smart order router (SOR), which it says returned improvements of 35% size-wise over the displayed quantity and $0.0015 per share price when routed to both dark and lit venues in early testing.
"This enhanced smart order router delivers market-leading size and price improvement, plus customisation and transparency features, giving clients more control," said Raj Jain, head of US liquidity products at ITG.
The SOR offers
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