Chi-X Canada completes SmartRouter roll-out

Chi-X Canada ATS, a wholly-owned subsidiary of Instinet, has completed the roll-out of its SmartRouter technology. Chi-X Canada claims to be the only Canadian market centre to offer smart-order routing. The service not only routes orders to the Canadian market centre with best available price - a requirement of the Investment Industry Regulatory Organisation of Canada's best price obligation - but also allows users to post buy or sell orders on multiple markets.

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Systematic tools gain favor in fixed income

Automation is enabling systematic strategies in fixed income that were previously reserved for equities trading. The tech gap between the two may be closing, but differences remain.

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