INSTITUTIONAL SERVICES

The Institutional Equity Desk supports listed and over-the-counter (OTC) equity executions for many of the industry’s largest institutions, investment managers, and introducing broker-dealers. We offer as sophisticated order entry system (Sonic) for processing and routing orders with the following features and benefits:

• Order Types and ECNs. Sonic provides institutional brokers with the ability to capture hidden and reserve liquidity from various ECNs. It also provides innovative order-routing algorithms to ensure that large orders are processed at the best possible prices.
• Neutral Marketplace. Institutional brokers can take advantage of unbiased routing to seek best execution across ECNs, Nasdaq Super Montage, ARCA Ex, as well as listed exchanges and market makers.
• Choice and Anonymity. Sonic enables institutional brokers to choose how they want their order to be represented in the market through one, any, or all of the ECNs and exchanges, while maintaining complete anonymity of your trade in the market.
• Superior Routing. A proprietary algorithm continuously analyzes the markets. It also provides flexibility to implement trading strategies allowing you to route client orders to end venues to seek best execution.

Institutional Equity Desk Fact Sheet

Sonic brochure