Intelligent Order Routing: Pricing is Just the Tip of the Iceberg; Meridien Research Report Examines This Emerging Technology.Business/Technology Editors NEWTON, Mass.--(BUSINESS WIRE)--May 21, 2001 Intelligent order routing, initially embraced by day traders Day Trader A stock trader who holds positions for a very short time (from minutes to hours) and makes numerous trades each day. Most trades are entered and closed out within the same day. Notes: This is a highly speculative practice. , is now poised to infiltrate infiltrate /in·fil·trate/ (in-fil´trat) 1. to penetrate the interstices of a tissue or substance. 2. the material or solution so deposited. in·fil·trate v. 1. both mid- and lower-tier buy-side firms as well as large institutional investors, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a new report from Meridien Research. Use of this technology is a direct response to the emergence of more - and more fragmented - marketplaces. "Day traders have utilized intelligent order routing in trading with direct access brokers, unlike traditional online brokers," said Damon Kovelsky, analyst at Meridien Research and co-author of the report. "Their operations emphasize direct routing to order books of electronic exchanges, alternative trading systems Alternative Trading Systems (ATS) are SEC-approved non-exchange trading venues. They play an important role in public markets for allowing alternative means of accessing liquidity. , and, in some cases, to market makers. Finding the lowest price for each security was clearly a prime consideration in this process. As this technology moves up the food chain to large institutional investors, we believe that both speed of execution and market impact will become the driving forces behind its adoption." "Get Smart: Intelligent Order Routing and the Institutional Investor" is a comprehensive look at this emerging technology, the markets for it, success factors, adoption patterns and a look into the future. More information on purchasing this report can be obtained from sales@meridien-research.com or by calling 617-796-2800. About Meridien Research Meridien Research of Newton, MA, provides analytical research services to users and providers of financial industry technology. Meridien Research targets three technology areas of strategic importance to financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. firms: eFinancial Services, Trading & Risk Management and Customer Relationship Management. Each practice delivers quarterly reports and monthly briefs, detailing new issues and challenges. Visit www.meridien-research.com/press to register for announcements as new research becomes available. For media relations, contact Parallax parallax (pâr`əlăks), any alteration in the relative apparent positions of objects produced by a shift in the position of the observer. In astronomy the term is used for several techniques for determining distance. LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control at 1.781.235.7025 or parallax@meridien-research.com. |
|
Printer friendly
Cite/link
Email
Feedback
Reader Opinion