Chi-X Plans for European Cross-Market Routing
With the introduction of more trading destinations and market fragmentation set to result from securities being traded on multiple venues, Chi-X officials say that firms in Europe will drive the development of a system similar to that currently used in the U.S. for routing between venues to ensure that trades are executed at the best price on behalf of investors, regardless of where that best price is quoted.
"The European market is starting to evolve toward smart order routing, [with] players
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