Quod tweaks ASOR for fragmented liquidity

London-based Quod Financial has released Adaptive Smart Order Router (ASOR) v2 to provide users with real-time intelligence to capture fragmented liquidity. According to Quod, ASOR v2 selects the ideal venue and execution mechanism for every trade through real-time statistical analysis of pre- and post-trade execution data. The platform analyses multiple criteria to illustrate the performance of each venue and predict where liquidity will sit across light and dark pools. This intelligence is

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