Quod Financial, a provider of multi and cross-asset adaptive trading technology, has released Adaptive Smart Order Router v2 to provide users with real-time intelligence to capture fragmented liquidity.
According to the company, Adaptive Smart Order Router (ASOR) v2 builds on the ability of its adaptive trading technologies to seek liquidity by factoring liquidity and execution analysis into the decision-making process.
The company said that ASOR v2 platform analyses multiple criteria to illustrate the performance of each venue and predict, where liquidity will sit across light and dark pools. This intelligence is driven into decision-making algorithms to adapt execution instructions as market conditions change.
By combining impact algorithms into the smart order routing (SOR) infrastructure, ASOR v2 enables operational improvements, lower costs and higher execution performance for clients. It also couples internal liquidity with the SOR to capitalize on new market opportunities, added Quod Financial.
Ali Pichvai, CEO of Quod Financial, said: Quod Financial’s next-generation SOR uses liquidity-seeking adaptive processes to consolidate the transparent liquidity from different venues and illuminate non-transparent liquidity in algorithms and dark pools. SOR is now an essential tool to navigate liquidity and the next generation needs to get smarter. ASOR v2 is much smarter and provides traders with that intelligent view of liquidity necessary for more successful trading.
