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- 24th January 2019 Create Date
- 17th November 2022 Last Updated
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The problem
The client, an international large agency brokerage firm, wanted to revamp its execution services with the following objectives:
- To build a set of flexible liquidity seeking smart order routing algorithms for dark venues (broker and exchange dark pools)
and lit markets across European equities markets. - To provide MiFID Best Execution reporting and Transaction Cost Analysis.
- To connect to 20+ brokers and dark pools and 10+ European exchan ges and MTFs.
The solution
The SaaS solution is based on:
- Quod Financial Adaptive Smart Order Routing (ASOR) using aLit and Dark set of algorithms and Best Execution reporting
- together with Transaction Cost Analysis (TCA).
- Quod Financial Adaptive Execution Platform (AEP) - QuodNET for the dark and lit Connectivity.
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| Agency_Brokers_Client_Case_Study_SaaS_Lit_and_Dark_smart_order_routing_for_European_equities_market.pdf |