Routes and Liquidity

With fastest execution on the street

Alaric offers a large number of self-directed routes and venues giving the client the ability to seek the best and most cost-effective order execution.

Access to over 30 routes:
lit, dark and algo’s

DMA Routes

Description

AMEX

NYSE American Exchange

ARCA

NYSE ARCA Exchange

BATS

CBOE BZX U.S. EQUITIES EXCHANGE

BATY

CBOE BYX U.S. EQUITIES EXCHANGE

CHX

NYSE Chicago Exchange

EDGA

CBOE EDGA U.S. EQUITIES EXCHANGE

EDGX

CBOE EDGX U.S. EQUITIES EXCHANGE

IEXG

Investors Exchange

LTSE

Long-Term Stock Exchange

MEMX

MEMX Members Exchange

MIAX

MIAX Pearl Equities Exchange

NQBX

Nasdaq OMX BX Exchange
(previously Boston Stock Exchange)

NQPX

Nasdaq OMX PSX Exchange
(previously Philadelphia Stock Exchange)

NSDQ

NASDAQ

NSX

NYSE National Exchange

NYSE

New York Stock Exchange

Floor Broker Routes

Description

DQOP

NYSE D-Quote Auction orders for the NYSE OPEN

RAVN

NYSE D-Quote Auction orders for the NYSE CLOSE

DMA to Dark Pools

Description

ATMID

PDQ ATMID route - scrapes various liquidity providers for midpoint executions.

DARKVPS

PDQ Smart route for dark liquidity.

PDQDARK

PDQ Dark allows electronic algorithmic trading crowd to spawn liquidity.

CSCROSS

Credit Suisse Crossfinder - provides access to CS's Dark Book Aggregator.

JPMATS

Provides access to JPM-X dark pool - limit, market and pegged orders are allowed.

MLXN

Direct access to BOFA Merril Lynch Dark pool.

MSCO

Provides access to Morgan Stanley's Dark pool.

NITE

Knight Capital Dark pool.

OTCX

Acess to OTC liquidity.

CLST

Clear Street IOC route. Un-executed quantity is returned to the trader.

Algo Routes

Description

NHDO

Smart route seeking liquidity in dark venues only.

NHWK

Smart route seeking liquidity in dark and lit venues.

HIDS

Smart route for hidden liquidity.

WORK

Uses dark pools and advanced order types to help minimize information leakage. Used for liqudity providing behavior.

MAKE

Passive strategy used for providing liqudity.

COBRA

Aggressively seeks both hidden and displayed liquidity across exchange-based and dark liqudity sources. Employs multiple techniques to reduce signaling risk.

Professional
Trading platforms

Direct Market Access with lowest commissions and best executions available globally

Electronic Trading and Risk Management

Trade all U.S. Exchanges and over 100 dark pools with Direct Market Access Broker