Execution Platform

Smart Order Routing (SOR)

Route Smarter. Fill Faster. 

Algocor Smart Order Routing connects multiple venues—BIST, CEX, and DEX—delivering optimal fills through latency-aware, liquidity-sensitive routing logic.

Industry Challenges

Fragmented liquidity across centralized and decentralized venues.
Hidden costs from suboptimal routing.
Slow reactivity to changing liquidity conditions.
Limited transparency in venue selection.

Solution Overview

SOR identifies the best venue for each slice of an order, considering liquidity depth, latency, and toxicity metrics. It dynamically rebalances routes in milliseconds to achieve the best price and fill rate.

Key Capabilities

Multi-venue connectivity: Borsa Istanbul, Binance, Paribu, on-chain.
Real-time venue scoring via latency and toxicity metrics.
Dynamic re-routing based on live order book depth.
API-first integration with EMS and AlgoWheel.
Deterministic timestamps and full auditability.

How It Works

When an order enters the router, the system evaluates all connected venues and assigns weighted scores. It continuously updates routing decisions based on live conditions, ensuring each slice executes optimally.