Smart Order Routing gains intelligence

Even before Mifid came into force in Q4 last year it had become a catalyst for change in the financial markets. The anticipated abolition of concentration rules introduced the concept of competition between trading venues in many European markets. Furthermore, the advent of the Mifid best execution requirements calls for financial institutions to define an execution policy that explores a variety of trading venues in search of liquidity and best prices. As a result, over the past two

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