SMARTROUTING

MEXEM’s Delivery on Best Price Execution

MEXEMs SmartRoutingSM looks for the top firm stock option, and combination prices accessible at the time of your order, and pursues to immediately execute your order electronically.

For further information about our monthly metrics, see our Investor Relations home page.

What other Online Brokers Conveniently Fail to Mention

Our results are even more remarkable when you consider that other industry-praised figures don’t show you the whole picture. They only mention the percentage of orders that witnessed price in improvement, and conveniently ignore the percentage of their orders that failed or had no improvement.

Unlike our competitors, our statistics are netted, showing the true income price improvement adding, unimproved, dis-improved and all improved amounts. 

  • Unlike smart routers from other online brokers, MEXEM SmartRouting always looks back on your order. It consistently assesses fast changing conditions and actively re-routes all or parts of your order seeking to accomplish optimal performance and maximize your allowance.
  • MEXEM SmartRouting represents each leg of a spread order separately and submits each leg at the most leading venue possible.
  • MEXEM SmartRouting AutorecoverySM re-routes your US options order incase of an exchange failure, with MEXEM operating the risk of double executions.
  • To assist with providing price enhancement on large volume and block orders and step on hidden institutional order flows that may not be accessible at exchanges, MEXEM incorporates eight dark pools in its SmartRouting philosophy.

Our smart router estimates transaction costs along with fee or refund for taking/ adding liquidity when deciding where to route your marketable order when the inside market is divided by multiple exchanges.

For clients who want even more authority over their orders, TWS clients can identify stock and options smart routing approach to non marketable orders. For stocks, clients with the Cost Plus pricing structure can select to have their non-marketable orders routed to:

For options, clients can decide to send their non-marketable Smart routed orders to the exchange offering the highest rebate.

These routing directives can be positioned on pre-order basis from the “Misc” tab of the Order Ticket, or as a global default setting from the Smart Routing configuration page.