Welcome to TOM Smart Execution
Investors used to have little say about the execution of their
orders in financial instruments. MiFID
has changed that. MiFID promotes
cross border competition between exchanges and investment firms,
better price discovery and investor protection. This has led to a
change in the financial landscape, where the last couple of years,
new exchanges (Regulated Markets - RM - and Multilateral Trading Facilities - MTFs) have
been founded and smart order routers developed. TOM seized these
opportunities to start TOM Smart Execution (the Broker offering a
smart order router).
TOM Smart Execution (TOM Broker)
Retail investors should get the best possible conditions for their order
executions in financial instruments (price but also aspects like cost
and speed of execution). Banks and brokers are thus required to compare
prices of several exchanges. This comparison and routing of orders to the
best venue for execution is called Smart Order Routing (SOR). That is
what TOM Smart Execution offers.
TOM Smart Execution is the SOR (Smart Order Router) and will focus
on best execution of (retail) orders. It checks several exchanges
for the best possible execution price. Thanks to this
intelligent engine, TOM Smart Execution’s clients will always find
the best prices for orders in financial instruments.
TOM Smart Execution
TOM Smart Execution offers retail banks and brokers true, MiFID
compliant best execution for their clients. The client specific
algorithm of TOM Smart Execution searches real-time for the best
conditions on different exchanges. TOM Smart Execution then routes the order to
the exchange that offers the best conditions.
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