SYSTEMS, METHODS AND COMPUTER PROGRAM PRODUCTS FOR REDIRECTING ELECTRONIC TRADE ORDERS

摘要

A system is provided for redirecting electronic trade orders submitted from a trader via an electronic trade routing network to a selected destination The trade order routing facilities are coupled with an electronic trade routing network and a plurality of trade venues including one or more third party broker dealer systems and one or more alternative trading systems The trade order routing facilities receives an electronic order to trade a tradeable asset from a trader, identify the trade venue that is the destination of the order, and electronically route the order via an electronic trade routing network to the destination trade venue as a first trade order The trade order routing facilities also monitors the electronic trade order at the destination trade venue to determine the number of shares that have been executed at the destination trade venue for the order.