Smart Order-Routing to Become Essential

Before the end of the year, the European market will have about three more multilateral trading facilities (MTFs), which will offer different pricing models and matching engines, says Andrew Morgan, European head of Autobahn Equity at Deutsche Bank, who spoke during a panel discussion in a recent trade show. "That means that complexity will increase significantly in Europe," he adds.

"Having a smart order-router means that you can access the quality of those venues ... in milliseconds," says

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