The IRESS Best Market Router (BMR) offers industry leading smart order routing across all Canadian exchanges and alternative trading systems (ATS).
Seamlessly integrated with the IRESS IOS+, the BMR enables full visibility over all orders throughout the order lifecycle while meeting or exceeding performance requirements and regulatory standards.
As one of the first smart order routers on the market in Canada, the IRESS BMR provides an adaptive framework to implement, manage and fine tune your business logic, ensuring your clients have access to the greatest liquidity at the best price.
The IRESS BMR is designed to support advanced low-latency best market trade execution while achieving high-throughput regulatory protection. Utilizing an advanced optimization and staging framework for its built-in trade strategies, the IRESS BMR aggressively pursues liquidity and uptake. This results in the maintenance of very high trade execution success rates without market movement.
In addition, the IRESS BMR is integrated with IRESS’ consolidated Market Data platform, reducing or eliminating latencies associated with repeated requests for updated price and volume data.
Powerful Execution Strategies
The IRESS BMR provides high performance best execution and trade through protection services, with access to three integrated execution strategies, SPRAY, SWAY™ and SWEEP. Each strategy is optimized for liquidity uptake, speed of execution or both.
Whether you are seeking to maximize liquidity discovery and uptake or achieve the highest execution speeds, the IRESS BMR can match your trading requirements.
For the trader this means fast execution and efficiently seeking and taking available liquidity while meeting regulatory requirements. For clients it means achieving best execution across multiple markets.