Understanding what is Smart Order Routing [SOR]?
SOR or Smart order routing helps in giving the best possible price to the traders/ brokers.
SOR looks for the best price and scouts for this best price by looking at various liquidity destinations.
This way, the traders/investors see improvement in profitability of execution.
Various areas where SOR is based on are: Price, Cost, Speed of execution, probability of execution, Size, nature and any other considerations relevant for execution of order.
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