摘要： Regulators are pushing brokers to disclose more information about how and why they route equity trades. Some industry practitioners want to go a step further.
Regulators are pushing brokers to disclose more information about how and why they route equity trades. Some industry practitioners want to go a step further.
The Routing Transparency Initiative aims to boost transparency in the routing of ‘child’ orders — trades that cleave from the initial ‘parent’ order between order and execution — by better understanding the intention, or reason behind the routing. RTI can be applied globally for all asset classes leveraging the Financial Information eXchange (FIX) protocol.
On Sept. 10, about 20 market professionals representing the buy side, sell side, exchanges and technology providers convened in New York for a GlobalTrading Journal Thought Leadership Roundtable entitled RTI: Unlocking the Routing Decision. Questions discussed included what is the problem that RTI is the solution for; what is the current state of implementation; what is the role of different market constituencies in moving RTI forward; and ultimately, how would RTI support best execution for market participants.
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