SOR Heads in New Direction

As liquidity continues to fragment and buy-side firms seek easier execution of their complex trading strategies, the sell-side firms must leverage their technology investment better to assure that they achieve best execution for their clients’ orders.

For Knight Capital Group, developing and maintaining its smart order router was a multi-year process that cost and tens of millions of dollars, according to firm officials.

Looking to the future of smart order routing (SOR), Knight sees three major