Townsend Analytics has added agency broker On Point Executions’ new Sting smart routing solution as a destination for best execution in the US equity options markets. Sting is an evolving smart router for the US option and equity industries. It uses next-generation technology and algorithms to sweep all six US options exchanges simultaneously while seeking liquidity and price improvement.
Sting accomplishes this in part through direct connections to each exchange rather than a series of linkages, thereby executing against displayed liquidity without latency and quote traffic problems. By adding Sting to the execution destinations available through its RealTick EMS, Townsend answers the growing demand for capturing equity options liquidity without sacrificing price improvement, speed or anonymity, it reckons.
[tags]Townsend Analytics, On Point Executions, Sting smart router, RealTick EMS, US options exchanges [/tags]