Best execution for DMA: GL Smart Order Router
GL TRADE has extensive experience of deploying the Smart Order Router successfully with clients. There is a high degree of flexibility available for its configuration, and our process is to work closely with each client to ensure that setup accurately reflects the client's business priorities and Best Execution obligations.
GL TRADE’s Smart Order Router algorithm takes information from real time Market Data and searches for the best execution price on the connected venues. It can split an order across several destinations, taking into account the costs associated with this splitting and the available market depth.
GL SOR also integrates a sweeping feature: it continuously listens to market changes and adapts automatically the execution policy.
Smart execution according to client execution policies
Intelligent liquidity seeking
Integrated Splitting & Sweeping features
Best Execution for Client Orders: GL Order Management
Efficiently manage client orders by pre-setting your MiFID client classification & associated execution policy and by applying advanced routing rules to automate the process. You can also increase trading desk productivity thanks to the order grouping functionality, which includes execution distribution algorithms to guarantee best execution.
