The TRADE: The Order Routing Enigma

By Jen Fagenson

October 18, 2017

Share

These days, the buy-side is looking to find out more and more about where brokers are sending its orders. For many years now, full broker transparency on order routing has been difficult to attain, but in an environment driven by performance and regulation this is about to change. Dash CEO, Peter Maragos, provides commentary on the developing trend of trading technology companies providing routing transparency solutions to the buy-side.

Chief executive at Dash Financial Technologies, Peter Maragos, has seen this trend developing first-hand. Dash provides a technology platform offering full order routing transparency, and Maragos says the firm has seen considerable growth in recent years, in large part due to its transparency services.

“Prospects aren’t used to seeing what we provide and it creates real excitement,” Maragos claims. “Order routing transparency has become a genuine issue for the buy-side. With regulations like MiFID II looming and its global impact becoming clear, transparency and unbundling are more relevant than ever to clients globally.“

He adds that in an environment where the buy side’s performance is as scrutinised as it is, being able to fully control orders and gain total, granular level transparency into your execution is imperative. Every basis point counts in terms of execution quality.

To read the full article, click here.