Milestones
New exchange connectivity.
Smart Order Router enhancements:
liquidity, toxicity, commission and slippage analysis used for optimized execution.
API access.
Smart Order Router enhancements for best execution across exchanges: analyze liquidity, expected price slippage on each exchange and slice orders as necessary.
Pre-trade exchange-based TCA
Limits:
identify overall market impact when using Smart Order Router.
work across exchanges.
Latency: proximity to exchanges for algos.
Rebalancing.
Graphical reporting and visualizations.
New algos.
Liquidity Risk.
Value at Risk.
Stress Testing.
Sensitivity Shifts.
Margin: API Access.