Nasdaq Canada
Smart Router
Fully customize your orders with smart routing.
Fully Customize Your Orders With Smart Routing
With custom strategies, you can:
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Choose one or more ping destinations to capture hidden mid-point liquidity
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Choose one or more posting destinations
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Use directed strategies to route directly to all other major market centers
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Customize the routing table
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Choose Dynamic Re-spray to pullback resting orders to take tradable liquidity at away markets
Custom Routing Fee to post at these destinations:
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Omega
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Lynx
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CSE (Pure)
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Aequitas
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Alpha
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Match Now
Free Strategies
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See below for free strategies related to CXC.
SMART CXC - Ping PureStream AON, ping CXD AON, spray all protected markets, post any remaining on CXC.
SMART CXC DYNAMIC - Ping PureStream AON, ping CXD AON, spray all protected markets, post any remaining on CXC, dynamic re-spray.
SMART CXC DARK - Ping PureStream AON, ping CXD, CX2 Dark, CXC Dark, ping Match Now, spray all protected markets, post any remaining on CXC.
SMART CXC DARK DYNAMIC - Ping PureStream AON, ping CXD, CX2 Dark, CXC Dark, ping Match Now, spray all protected markets, post any remaining on CXC, dynamic re-spray.
SWEEP AND CROSS - Allows participants to sweep all protected quotes and print a cross order in one step by sending IOC bypass orders to all protected venues before printing the cross on CXC.
FEE SENSITIVE - Ping PureStream AON, ping CXD AON, route based on best execution fee, posting any residual quantity to CXC.
DEPTH-FINDER - Takes advantage of price improvement opportunities by taking liquidity with an iterative depth-of-book spray, capturing hidden portion of iceberg orders. Any residual is posted to CXC.
SWEEP AND POST - Aggressively takes liquidity with a depth-of-book spray in a single pass and books any residual to CXC.
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See below for free strategies related to CX2.
SMART CX2 - Ping PureStream AON, ping CXD AON, spray all protected markets, post any remaining on CX2.
SMART CX2 DYNAMIC - Ping PureStream AON, ping CXD AON, spray all protected markets, post any remaining on CX2, dynamic re-spray.
SMART CX2 DARK - Ping PureStream AON, ping CXD, CX2 Dark, CXC Dark, ping Match Now, spray all protected markets, post any remaining on CX2.
SMART CX2 DARK DYNAMIC - Ping PureStream AON, ping CXD, CX2, CXC Dark, ping Match Now, spray all protected markets, post any remaining on CX2, dynamic re-spray.
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See below for free strategies related to TSX.
SMART X - Ping PureStream AON, Ping CXD AON, spray all protected markets, post any remaining on TSX.
SMART X DYNAMIC - Ping PureStream AON, ping CXD AON, spray all protected markets, post any remaining on TSX, dynamic re-spray.
SMART X DARK - Ping PureStream AON, ping CXD, CX2 Dark, CXC Dark, ping Match Now, spray all protected markets, post any remaining on TSX.
SMART X DARK DYNAMIC - Ping PureStream AON, ping CXD, CX2, CXC Dark, ping Match Now, spray all protected markets, post any remaining on TSX, dynamic re-spray.
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See below for free strategies related to Multi-Post.
CXC & TSX - Nasdaq Canada Smart Router will attempt to split the shares evenly between CXC & TSX.
CXC & ALPHA - Nasdaq Canada Smart Router will attempt to split the shares evenly between CXC & ALPHA.
CXC, TSX & ALPHA - Nasdaq Canada Smart Router will attempt to split the shares evenly between CXC, TSX & ALPHA.
Contact Us
Market |
Market Hours |
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CXC and CX2 |
Monday – Friday, 8:00 a.m. – 5:00 p.m. EST |
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CXD |
Monday – Friday, 9:30 a.m. – 4:00 p.m. EST |
For Questions About |
By Phone or Email |
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General Support |
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Sales Support |
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Operations Support |
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Media Support |
Emily Pan
+1 (646) 441-5120 |
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Market
Market Hours
CXC and CX2
Monday – Friday, 8:00 a.m. – 5:00 p.m. EST
CXD
Monday – Friday, 9:30 a.m. – 4:00 p.m. EST
For Questions About
By Phone or Email
General Support
Sales Support
Operations Support
Media Support
Emily Pan +1 (646) 441-5120
