DASH SENSOR again named Best Smart Order Router in WatersTechnology’s Sell-Side Technology Awards

By Admin

April 14, 2023

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NEW YORK, April 14, 2023 — DASH Financial Technologies, an ION company and the leading US options technology and execution provider, announces that its SENSOR™ routing platform has won “Best Smart Order Routing Product/Tool” in the WatersTechnology Sell-side Technology (SST) Awards. This is the second consecutive year the platform has received the award, and the seventh WatersTechnology award win for SENSOR in the last eight years.

The SST awards recognize leading technologies that allow users to “operate more efficiently, more transparently, and more judiciously,” according to WatersTechnology, the foremost publication for capital markets technologists. Key adjudication factors include innovation, ability to address the sell side’s most pressing needs, industry collaboration, regulatory compliance, and management of the various risks sell-side firms face daily.

“SENSOR is our flagship product and has driven the remarkable growth of our options execution business over the last decade,” said DASH President, Stino Milito. “We hear from clients regularly that SENSOR offers an unmatched level of performance and customization, and we are proud that the WatersTechnology editorial team has reached the same conclusion again this year.”

SENSOR is DASH’s smart order routing suite for US-listed options, where DASH is the largest agency execution provider. The suite won the award for its rich functionality and customization capability, enabling users to tailor strategies for the desired speed, yield capture, fee mitigation, price discovery, or other parameters.

Trading options requires highly specialized tools to address the asset class’s unique market structure and intensive data consumption. SENSOR caters to this need through specific functionality for complicated execution scenarios such as crossing, complex order book interaction, and volatility trading.

SENSOR offers a full suite of benchmark and liquidity capture strategies, and DASH works with clients to fine-tune these strategies to their specified preferences. Working in tandem with the DASH360 Analytics portal, DASH SENSOR users can create a virtual cycle of execute, analyze, and refine, enabling continuous performance optimization.