SOR – Smart Order Routing REQUEST A DEMO GET IN TOUCH

Marvelsoft’s SOR or Smart Order Router is a high-performance algorithmic service specifically designed to help brokers and trading firms meet their trade execution policies and to optimize the execution against available liquidity for financial instruments that are listed and trading on multiple venues simultaneously.

When instruments are listed in more than one location, liquidity can often display fragmentation across multiple markets. When fragmentation is present, a single venue strategy will result in the loss of opportunity to execute at better available prices and potentially at lower cost.

SOR blends aggressive market sweeping of all available markets, and dynamic switching of resting orders towards all available liquidity, to capture all live opportunities.

Marvelsoft SOR - Smart Order Routing

Streamlined workflow to meet strict execution policies

  • SOR provides the ability to deliver multi-venue, trade execution strategies, specifically aligned to a customer’s best execution policy. 
  • Users can set specific default strategies per customer and per instrument. This provides highly configurable, streamlined automation that maximizes the performance of trade execution and helps to meet your regulatory requirements on best execution. 
  • Meeting a customer’s execution policy strictly requires a robust, reliable, and scalable algorithmic technology. Marvelsoft’s proven technology and service are live in multiple markets around the world. They serve leading financial institutions in efficient workflow automation at scale.

Precision Engineered, Automated, and Integrated SOR

  • Marlvesoft builds SOR on the core backbone of its Algorithmic Engine and Sophisticated DMA services. Our SOR shares the high-performance characteristics of all of our powerful automation architecture, proven logic engines backed by the expertise of our world-class team of engineers.
  • The Marvelsoft SOR is seamlessly integrated with our pioneering trading platform MTP, and our full suite of benchmark and execution algos, providing for full end-to-end workflow automation and access to the global trading ecosystem. 
  • Our modular approach to trading systems allows for seamless integration. Combined with our powerful real-time messaging architecture, we can integrate any system into our trading engines. This covers the widest range of modern protocols.

Configurable to support the widest range of strategies 

  • SOR supports the precision definition of multiple strategies. It also handles multiple aggressive and passive strategy phases. This allows Marvelsoft customers to automatically sweep available liquidity and optimize the placement of passive orders.
  • Passive order strategies include follow-up phases. These phases enable automatic order movement from one market to another. This occurs whenever liquidity shifts or becomes available on an alternative venue.
  • SOR complements the trading expertise of our customers by allowing traders and algorithms to deliver superior price performance on orders originating from multiple business workflows.
  • SOR works directly in sync with our range of execution algos. And it can run independently, facing a customer’s broader set of in-house strategies.

 

 

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