Smart Order Routing is a popular application used by most of the companies for a smooth functioning of their businesses. It is a well-accepted application of Complex Event Processing (CEP). Usually, the firms use stream base CEP to build Smart order Routing systems that provide a service of automatic selection of execution venue and also methodology. This helps in reduction of cost, systematic selection process and also assures the best execution. This system is implemented with different levels of automation which ranges from complete automation of retail flow trading to allocation of block trades and manual management. From large conglomerates to small business houses everybody deploys smart order routing systems for the smooth flow of their businesses.

Professionals who are related to market trends or formulate marketing strategies need to know a lot of facts about smart order routing. To know further, read below:

• Connection with Algorithm Trading- The method of smart order routing has a resemblance with algorithm trading which has led to its popularity in the market. This trading system makes use of higher mathematical models while taking decisions on transactions in the financial market. The whole process falls under a model that helps in determining the time required for an order to get processed. So, in a nutshell, we can say that these aspects are kept in mind for smart order routing as well.
• Part of the Trading System- Smart order routing is a part of a trading system and lends its helping hands in the marketing aspects of a business. This also means that this process infuses in the monetary market. The ability to penetrate in the monetary market also implies that several clients can make use of this method to place orders with their dealers and brokers.
• Accuracy and Rapidity- Smart order routing has revolutionised the entire market structure with its effective order management. With this system, dealers can rotate orders among other dealers. In case of such rotation, make sure that the routing system is precise and speedy for smooth functioning in the market. The electronic routing system works great for specific orders and also helps in its circulation.
• The Building of Order Routing Methods- Professionals have built several order routing methods that give way to effective and hassle-free operation in the market. These methods cater to national as well as international clients. These make the work systematic and also channelize the professionals in the right direction.
• Correct Synchronisation- Without proper synchronisation in the trading network, the process becomes difficult. So, ensure that the trading network is well-connected for the fast functioning of the work. This also helps in a creation of a reliable database that should be kept for references later.

These are the important aspects of smart order routing that needs special attention. The routing system has an influential role that changes the environment of the business. Look for a sophisticated and well-crafted routing system for a smooth functioning of the business.