As a result of MiFID Directive and the emergence of new markets and dark pools, new forces of consolidation, competition and regulation are rising in the European equity marketplace radically changing the world of electronic trading. The more fragmented the market, the greater need for market makers, buy-side trading desks, brokerage firms and professional day
As a result of MiFID Directive and the emergence of new markets and dark pools, new forces of consolidation, competition and regulation are rising in the European equity marketplace radically changing the world of electronic trading. The more fragmented the market, the greater need for market makers, buy-side trading desks, brokerage firms and professional day traders to seek systems that allow them to access multiple execution venues to find liquidity. Moreover, tighter spreads, fee-based trading, MTF access fees and a sluggish economy have all added to the urgency of controlling costs and trading ‘smarter’.
Easy Trade® Smart Path is the solution developed by IT SOFTWARE to meet the needs of this new fast changing environment where smart order routing is essential to access liquidity quickly, no matter where it lies, with an emphasis on balancing Best Execution and controlling trading costs. Based on Easy Trade® technology, Easy Trade® Smart Path offers a fast, flexible and robust platform to smartly manage the order execution and the order routing rules.
An innovative rule-based CEP engine (Complex Event Processing) provides the flexibility to easily add new routing strategies, new asset classes and new functionalities. Versatility and flexibility are the strengths of Easy Trade® Smart Path which make it a required tool for buy-side and sell-side brokerage firms.
Easy Trade® Smart Path allows:
· Accessing and integrating different liquidity pools in a uniform way
· Minimizing execution costs and timing
· Assuring the Best Execution to customers as required by MiFID Directive.