SOR Preview
Overview
Smart Order Routing (SOR) - special orders execution algorithm allowing for the automated orders settlement on best terms available throughout the connected external trading venues. The SOR algorithm checks all the available (connected) trading venues and scans for the best prices and sufficient liquidity to offer the most favorable order execution strategy. SOR Preview widget displays the SOR algo output in CWUI side panel. SOR order volume may be distributed throughout multiple destination exchanges to achieve the best PNL result.
Placing SOR Orders
-
Select SOR as order Destination.
-
Select exchanges you wish your order be routed to.
-
Click SOR Preview in the side panel to display widget.
-
Select order side Buy/Sell in the SOR Preview panel filter.
-
Click i in SOR Preview to display data connections state.
-
Click Buy/Sell in the order form to place the order.
In the Order Events you can track events for all executed orders. Filter by SOR destination to display all orders placed by the SOR algo. On the attached screenshot you can see, that one order has been divided into multiple orders with the same id, SOR destinations, different volumes, prices and, therefore, commissions.