Best execution engine

UL SMART, our Smart Order Router (SOR), meets and exceeds American and European best execution regulations, and enables financial firms to fully comply with both Reg NMS and MiFID. Find the Best Execution or the NBBO; and further enhance client services with execution policies that also take into account the speed and likeliness of execution when routing the orders.

Save money as UL SMART compares global costs of execution, and not merely best buy and sell prices. Our annual license with no additional fees, whatever the volume you execute, provides a simple and cost effective way to do business.

Meet regulations

• Reg NMS and MiFID compliant
• Extensive proof of best execution

Provide custom services to your clients

• Multiple client-specific criteria
• Granular best execution policies

Capture more opportunities

• Dedicated routing strategies to leverage hidden liquidity
• Detect opportunities for passive orders
• Dynamic order routing through heat mapping
• Complex algorithms for Dark Pools