This may be done within a dark pool or over a number of electronic exchanges where the speed of the order routing is critical to the success of the strategy.
The current proposal also would require those reports to include information on order routing, order execution, and whether liquidity was provided or removed.
While buy side traders are not quant analysts, they are taking increasing steps towards active management of their desks, using direct market access, smart order routing and algorithmic trading strategies.
He successfully delivered a variety of projects covering market data aggregation, algorithmic trading, smart order routing, derivatives market-making, securities settlement and enterprise architecture for several investment banks and hedge funds.
We regularly review broker algorithms, order routing data and venue performance so that we can constantly adjust and improve how our orders are handled.
