Glossary
Essential Terms You Should Know:
Your Guide to Understanding Key Concepts and Terminology
Your Guide to Understanding Key Concepts and Terminology
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24 September, 2026
What Is Smart Order Routing? How SOR Finds the Best Execution Venue
The best ask is not always the cheapest place to buy. Suppose you want 10,000 shares. Venue B shows the lowest ask at $25.09, but only for 1,000 shares. Venue A has 2,000 at $25.10. Venue C can fill the remaining 7,000 at $25.11 and charges a lower fee. Sending the whole order to Venue […]