The On Point STING routing logic uses empirical data to determine which destination will yield optimal execution. On Pointâs proprietary options routing algorithm interacts with liquidity pools with preferences defined according to best price and past performance of how the provider interacted with order flow. STING then monitors all existing market centers for execution quality and applies this data to determine the most efficient execution venues to route orders. It has the ability to garner more liquidity by analyzing the intricate pricing and decision-making logic of market participants so as to provide superior execution quality and added value.
STING captures all available liquidity while at the same time minimizing market impact. This results in clients achieving better than expected execution quality. STING is FIX 4.4 compliant and can be accessed through the AFA platform.
AFA develops and markets intelligent, proactive electronic execution and order management solutions that maximizes performance for buy-side, sell-side, and other investment professionals. AFA streamlines the work-flow complexities of a comprehensive trading desk and is a single source of liquidity access.
Said Patrick Lynch, Chairman and CEO of AFA: âSTING is an exceptional options routing solution which we believe our Clients will be able to utilize in achieving excellent results in the quality of their executions. As client demand for multiple-asset interaction increases, the ability to route via STING adds to the product suite we now make available in todayâs cost-sensitive environment.â
Said Paul Carrozzo, co-principal at On Point: âWe are pleased to supplement AFA's exceptional platform with STINGâ¢. This relationship will truly be beneficial for customers seeking a robust routing solution."