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
