Sell-Side Technology Awards 2015: Best Smart Order Routing Product/Tool – Wolverine Execution Services

WEX's fill rates have been about 99 percent for marketable orders even when routing to multiple exchanges.

wes-app
Jason Lichten and Gerry Cooney

In today's trading environment, firms continue to seek shrinking liquidity pools when it comes to options trading, resulting in the widening of quotes. Fragmentation has also expanded-there are now 12 options exchanges, all with their own fee schedules, 12 different market structures, a variety of data feeds and protocols.

However, according to the firm, WEX's fill rates have been about 99 percent for marketable orders even when routing to multiple exchanges. As more trading organizations look

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