Aequitas Curbing Predatory Trading Through Innovative Technology
First Customer Goes Live with Aequitas Smart Order Router
TORONTO, June 9, 2015 – BBS Securities Inc. (BBS) has become the first dealer to utilize the Smart Order Router (SOR) offered by Aequitas Technology Services Inc. (Aequitas), a subsidiary of Aequitas Innovations Inc. By providing a multitude of routing strategies and normalizing the speed at which orders are delivered to trading venues in Canada, the Aequitas SOR is designed to protect tradable orders from predatory trading tactics that leverage speed and information detection.
"The Aequitas SOR is addressing the issue of speed advantage and asymmetrical access to information in trading within the Canadian capital markets," stated Bardya Ziaian, President & CEO, BBS Securities. "This innovative technology is an important tool for us to achieve best execution for our clients, protecting them from predatory traders. This added-value router at a low cost also helps reduce the technology burden faced by many independent dealers and puts us on equal footing to those larger firms who invest in their own technology."
The Aequitas SOR can be integrated with any Order Management or Order Execution System and can function as an extension or backup to existing order routing solutions. As part of its efforts to deliver unprecedented transparency, Aequitas intends to provide performance-reporting tools where dealers and their clients can assess the performance of the SOR and the quality of execution it provides.
"By offering a multitude of routing strategies and synchronizing the time tradable orders hit all Canadian marketplaces, we are working to level the playing field," added Joacim Wiklander, Chief Trading & Data Officer, Aequitas. "We believe our SOR solution is focused on meeting the trading needs of long-term investors and their dealers. We are committed to delivering transparent best execution capabilities and tools to analyze our performance."
About Aequitas Innovations Inc.
Aequitas Innovations Inc. is the parent company of Aequitas NEO Exchange Inc., a new Canadian stock exchange using a bold new blueprint that puts investors, companies raising capital and their dealers first. Launched in March 2015, the NEO Exchange offers trading, market data and, through its affiliate, Aequitas Technology Services Inc., related technology services. Its listing service is on track to launch by mid-2015. Aequitas Innovations Inc., was founded by a diverse group of prominent investors representing all Canadian capital markets stakeholders.