Decoding Smart Order Routing Read blog - https://navia.co.in/blog/smart-order-routing/
Decoding Smart Order Routing (SOR) ●
Modern markets move in milliseconds, so execution speed matters as much as strategy
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Traders aim not only to decide what to buy/sell, but where and how to execute
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Smart Order Routing works in the background, ensuring best price, venue, and speed
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It has become a core technology in equity and derivatives markets
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What is Smart Order Routing? ●
SOR is an automated algorithmic system used by brokers
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It chooses the optimal exchange/venue for order execution
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Objective: achieve best price, lowest cost, fastest fill
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It constantly evaluates multiple venues simultaneously before routing orders
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Why SOR is Needed Today ●
Earlier, trading mainly happened on single exchanges
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Today, liquidity is fragmented across multiple platforms
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Exchanges
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Dark pools
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Alternative Trading Systems (ATS)
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SOR scans across venues to locate hidden liquidity and best quotes
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Helps reduce slippage and missed opportunities
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How SOR Benefits Traders ●
Improves execution quality (better prices and faster fills)
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Reduces manual effort in selecting exchanges
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Minimizes impact cost by splitting large orders smartly
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Ensures fair treatment for retail and institutional traders
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Acts as a competitive advantage for active traders
Read blog - https://navia.co.in/blog/smart-order-routing/
Disclaimer Investment in securities market are subject to market risks, read all the related documents carefully before investing. The securities quoted are for illustrative purposes and are not intended as recommendations. Brokerage will not exceed the SEBI prescribed limit. Navia Markets Ltd ,SEBI Registration No.INZ000095034-NSE Member code for CM, FAO & CD: 07708 - BSE Clearing No. for CM, FAO & CD: 6341-MCX Member ID: 45345 NSDL DP ID: IN300378-CDSL DP ID: 12086500-SEBI Registration No. for DP: IN-DP-311-2017-GST Registration number :33AAACM4739R2ZZ-Registered office: Ganga Griha, 4th & 5th Floor, No.9, Nungambakkam High Road, Chennai - 600 034 Email ID:
[email protected] - Contact No: +91 70100 75500 https://bit.ly/naviadisclaimer
Read blog - https://navia.co.in/blog/smart-order-routing/