The TRADE 53 | Page 55

[ M A R K E T A N A LY S I S | S M A R T O R D E R R O U T I N G ] THE ORDER ROUTING ENIGMA The majority of brokers do not provide the buy-side with full order routing transparency. The TRADE looks into why this is the case and asks whether the buy-side should be probing their brokers to find out where unfilled orders are being sent, writes Hayley McDowell. Issue 53 TheTradeNews.com 55