FOR MODERN
FX BROKERS

We enable brokers to launch distinctive brands successfully.

One Stop HubFrom technology to liquidity, all in one place.

Fast & EfficientSave time and money with no development required.

CORE SOLUTIONS

Prop Trading Challenge

Prop Trading SolutionsFully managed Prop Firm setup or plug-n-play Prop Challenge system for your FX Broker, we’ve got both.User Guide | Release Notes
MT4 & MT5 White Label

FX Trading Platform (ZeroX)Turnkey FX Broker setup. Fast, competitive and hyper optimized with our CRM and liquidity.
AXIS FX CRM

FX Broker CRM (AXIS)Your highly customizable and fully branded FX Broker CRM deployed in 1 Day. SaaS model, no setup fee.User Guide | Release Notes
MT4 & MT5 White Label

MT4 & MT5 White LabelWorld renowned Metaquotes trading platform integrated with Broctagon’s full solution suite.
MULTI-ASSET LIQUIDITY
Over 1800 instruments with spreads from zero & 10 Tier Market Depth.
FULL SUITE
Investment Platform

MT5 Report Server Recreating the flexibility of MT4 Report Server for MT5 White Labels to allow individual customizations. 
Investment Platform

Investment PlatformPAMM / MAM / Social Trading
Ancillary Services

Ancillary ServicesIncorporation / Licensing / Website
Data Centre Security

Data Centre SecurityProtection / Recovery / Pentest
FOR NEXT-GEN
EXCHANGES

We enable exchanges to be instantly competitive with robust liquidity.

FOR PROMISING
TOKEN PROJECTS

We help tokens manage liquidity so they can focus on delivering success.

NEXUS 2.0 EXCHANGE SOLUTIONS
NEXUS Link

NEXUS LinkLiquidity Aggregator &
STP Engine
Supercharge your order books with aggregated liquidity.
NEXUS AutoChart

NEXUS AutoChartData-Driven
Chart Synthesis
K-line plotting with global price discovery.
NEXUS Core

NEXUS CoreAutomated Market Making
System
Highly customizable with
full in-house control.
TOKEN SOLUTIONS
NEXUS Native

NEXUS NativeAltcoin / Native Token
Liquidity Management
Market making and capital management system.
FOR FUTURE-PROOF
BUSINESSES

We enable businesses to participate in a decentralized future with minimal inertia.

Managed ServiceSo you can focus on your core business

SeamlessIntegrate blockchain into your current infrastructure

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Free Consultancy

Free ConsultancyAllow us to understand your business to customize the perfect fit for your needs.

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BLOCKCHAIN SOLUTIONS
NFT Marketplace

NFT MarketplaceLaunch your fully branded NFT marketplace x social media platform.
Asset Tokenization

Asset Tokenization PlatformLaunch your tokenized assets complete with an APP, CRM and Explorer with our plug-and-play platform.
Blockchain-in-a-Box

Blockchain-in-a-BoxIndustry-agnostic data
integration on chain for
experimental implementation.
Whitepaper Creation

Whitepaper CreationCraft a professional whitepaper complete with project and
technical advisory.
Enterprise Development

Enterprise DevelopmentTailored, end-to-end solutions
and consultancy for non-disruptive blockchain implementation.
DEFI SOLUTIONS

DeFi Yield Farming

DeFi Yield Farming Advanced DeFi Farming Solution
DeFi Arbitrage Bot

DeFi Arbitrage BotAutomated DeFi Arbitrage System
DeFi Lending

DeFi LendingDecentralized Lending-Borrowing Platform
DeFi DEX AMM

DeFi DEX AMMDecentralized Exchange and AMM
DeFi DEX AMM

DeFi StakingTailored Staking Platform Solutions
DeFi DEX AMM

Token VestingRobust Token Distribution System

What is Smart Order Routing?

Thursday, January 21, 2021

Smart Order Routing (SOR) is an automated order processing mechanism, designed to take the best available opportunity across a variety of different trading platforms. 

The rise in the number of different trading platforms and multilateral trading facilities (MTFs) contributes to a surge in liquidity volatility as the same asset is exchanged in multiple venues, causing the price and quantity to vary between each platform. SOR helps to counter, or even gain, from liquidity fragmentation. SOR is carried out by smart order routers; systems designed to analyse the state of the venues and position orders in the best possible way to achieve the best ask/bid prices. 

The Beginnings of Smart Order Routing in Traditional Exchanges

Before the current routers started gaining attention, Direct Order Turnaround or DOT were the original versions of SOR. However, it could only guide orders to one destination within the institutional buy-side. Stock exchanges would have to manually search and compare data from different venues on their own. 

However, in 2007–2008, smart order routers started to gain widespread attention in Europe, with the primary goal for capturing liquidity at various venues. The SOR systems were enhanced and this helped stock exchanges to cope with high-frequency trading, enjoy reduced latency and incorporate smarter algorithms. After its spike in popularity, SOR improved the overall efficiency of order routing by choosing the most suitable execution prices.

The implementation of SOR enables exchanges to get the best prices from multiple market platforms automatically, hence optimizing the best outcome of all trade orders and drastically reducing the need for exchanges to source for prices manually. 

Smart Order Routing in Crypto Exchanges

Although cryptocurrencies were initially created as an alternative peer-to-peer electronic cash system to replace fiat and legacy payment services, the limits of scalability and levels of volatility prevents it from being adopted at a mass scale. Compared to traditional markets, the crypto market is still in its nascent stage.  Currently, apart from centralized marketplaces, cryptocurrencies can be traded on various trading venues, including decentralized exchanges.  The flip side to this flexibility is the liquidity fragmentation that occurs when the prices and volumes of the same coins differ on different platforms. Similar to stock exchanges, SOR can be implemented to solve these fragmentation issues in crypto through NEXUS 2.0, Broctagon’s proprietary liquidity aggregation engine.

How SOR in NEXUS 2.0 works

NEXUS 2.0 connects your Crypto Exchange to the aggregated liquidity pool of the industry’s largest exchanges such as Binance, Huobi, Bitfinex and more. By tackling liquidity fragmentation through SOR, the NEXUS liquidity network sets the foundational infrastructure for inter-exchange liquidity – a parallel to interbank FX liquidity.

The automation provided through NEXUS 2.0 matching engines helps to process orders at the best price available in real time. Upon trade confirmation, orders are automatically allocated to the best-priced exchange through real-time/net position STP (Straight Through Processing) functionality to ensure instant communication between relevant counterparties.

What this means for exchanges is that their traders will effectively trade across multiple exchanges through a single avenue. They will have round-the-clock access to the fairest trades at the best market prices, regardless of illiquid market circumstances.

Discover how NEXUS 2.0 streams liquidity in real-time for the best prices through a demo. Simply indicate your timing preference here:  https://bit.ly/TeresaBroctagon

For more information on Broctagon’s offerings, head to https://broctagon.com/nexus/

About Broctagon Fintech Group

Broctagon Fintech Group is a leading multi-asset liquidity and full suite FX technology provider headquartered in Singapore with over 10 years of established global presence in Hong Kong, Malaysia, India, Cyprus, Thailand, and China. We specialize in performance-driven and bespoke solutions, serving clients across more than 500 countries with our liquidity aggregator technology, brokerage, and exchange solutions suite, as well as enterprise blockchain development.

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