We’ll discuss how smart order routers have evolved over three generations since their first appearance in 2007, and why we can expect to see the birth of the fourth generation in 2016.
MiFID II will lead to yet another leap in requirements, both in terms of performance and functionality. The next generation SORs will have to cope with a major shift in market complexity.
The Double Volume Caps introduced with MiFID II are likely to shift liquidity to venues with alternative trading models such as continuous/periodic auctions (such as BATS) and Large in Scale (LIS) venues (such as Turquoise Block Discovery). Some of these new models are already in operation, if yet on a limited scale. As always, new market models rely on networks effects, meaning that they must get a critical mass of users in order to be successful. It is likely that MiFID II will be the catalyst that makes them take flight.
Video Jakob Nilsson, Senior Project Manager at Itiviti, explains how the SOR has become a key element in helping trading firms stay competitive and how MiFID II is likely to enhance its impact even futher. May 31, 2017
Video Why is the manual testing of financial software no longer enough? Vaibhav Shukla, Senior Vice President Global Services at Itiviti, provides insights into the benefits of automating testing processes, in terms of efficiency as well as compliance. May 23, 2017
Video Chris Anderson, Senior Product Manager at Itiviti, talks to FOW Amsterdam about current trends in the ETF space, the potential for future growth and Itiviti’s commitment to providing solutions to the biggest challenges seen in the market. Download the full white paper May 11, 2017
Video Jonas Hansbo, EVP Strategic Research and Chief Strategy Officer at Itiviti, describes current trends in the financial industry and describes how Itiviti’s solutions help market participants stay on top of these developments. April 25, 2017