Crdit Agricole Cheuvreux S.A. (CA Cheuvreux) connects to Nasdaq OMX to broaden its European Smart Order Routing (SOR) destinations. Renewed SOR offering enables investors to execute orders wherever liquidity and, consequently, bid/offer spreads are optimal, thus improving the price at which client orders trade.
CA Cheuvreux is already a member of Chi-X and Turquoise, in October the company went live with BATS Europe. CA Cheuvreux’s SOR provides its clients with a cost-efficient facility while also taking into account their trading preferences by tailoring smart execution policy to their investment style.
“As an independent agency broker we are very well placed to serve our clients’ best interests and deliver the highest quality of service in terms of execution, straight-through-processing and order management,” says Jerry Lees, head of Alternative Execution Services, CA Cheuvreux. “As market liquidity continues to fragment with the arrival of new destinations, we are committed to seeking out the best trading routes for our clients in a landscape increasingly driven by technology and efficiency.”
L.D.