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sorPRIME

sorPRIME

sorPRIME (SOR′) is a smart order router that finds the best way to execute a trade using predefined business rules and AI (machine learning) to enhance the investors' ability to access liquidity in the market and receive the best prices and execution. It is a flexible, highly extensible, and ultra-low latency smart order routing platform designed to support the varied trading needs of execution venues, sell-side and buy-side firms.

The business case​

  • Best execution is a regulatory duty — and a differentiator. MiFID II, SEC Rule 603, and CIRO obligations all require demonstrable best execution. sorPRIME doesn't just comply; it turns execution quality into a marketing asset you can show clients.
  • Dark pools are where alpha hides. Machine learning models predict the distribution of liquidity in dark pools, so you can reach into venues others avoid — without paying the price of fishing blindly.
  • Per-instrument optimization compounds. ML optimizes the numerical details per stock: queue position, spread capture, and venue-specific behaviour. Small per-trade improvements compound into measurable annual basis-point gains.
  • Risk management in the loop. Routing decisions respect risk limits before they hit the wire, so an aggressive optimization never becomes a compliance incident.

What sorPRIME focuses on​

  • Best execution — use of machine learning to optimize the numerical details per stock.
  • Handling of dark pools — use of machine learning to predict the distribution of liquidity in the pool.
  • Risk management — limits enforced in the routing hot path.

Who it's for​

  • Execution venues that must demonstrate best execution to participants and regulators.
  • Sell-side firms whose routing decisions directly affect client outcomes and commissions.
  • Buy-side firms seeking measurable execution improvement without building an internal quant team.

See also​