Knight revamps smart order routing

10/14/2011 | Traders Magazine Online

Knight Capital Group has overhauled its order-routing technology to help institutional clients avoid revealing too much about their strategies to high-frequency traders. Under this new approach, Knight taps liquidity at only a few venues, rather than 30 or 40, which is less likely to attract the attention of short-term traders, said Knight Managing Director Joe Wald.

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