MEXEMs SmartRoutingSM looks for the top firm stock option, and combination prices accessible at the time of your order, and pursues to immediately execute your order electronically.
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Our smart router estimates transaction costs along with fee or refund for taking/ adding liquidity when deciding where to route your marketable order when the inside market is divided by multiple exchanges.
For clients who want even more authority over their orders, TWS clients can identify stock and options smart routing approach to non marketable orders. For stocks, clients with the Cost Plus pricing structure can select to have their non-marketable orders routed to:
For options, clients can decide to send their nonmarketable Smart routed orders to the exchange offering the highest rebate.
These routing directives can be positioned on pre-order basis from the “Misc” tab of the Order Ticket, or as a global default setting from the Smart Routing configuration page.
Our smart router estimates transaction costs along with fee or refund for taking/ adding liquidity when deciding where to route your marketable order when the inside market is divided by multiple exchanges.
For clients who want even more authority over their orders, TWS clients can identify stock and options smart routing approach to non marketable orders. For stocks, clients with the Cost Plus pricing structure can select to have their non-marketable orders routed to:
For options, clients can decide to send their non-marketable Smart routed orders to the exchange offering the highest rebate.
These routing directives can be positioned on pre-order basis from the “Misc” tab of the Order Ticket, or as a global default setting from the Smart Routing configuration page.
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