Baikal’s Liquidity Aggregation Service enables you to achieve best execution efficiently and at a low cost by providing access to all major European trading venues (both lit and dark), with one connection to Baikal.
Two types of services will be available to meet different needs: Smart Order Routing and Liquidity Seeking Strategies.
Smart Order Routing
Baikal’s Smart Order Routing service is designed to seek best execution across venues in Europe as well as facilitating DMA access to those venues. This includes access to the Baikal Order Book and the visible and hidden orders available on the London Stock Exchange's SETS.
Liquidity Seeking Strategies
Baikal’s Liquidity Seeking Strategies will provide a truly intelligent means of seeking out and aggregating non-displayed liquidity in dark pools and algorithms in order to facilitate trading without impacting the price formation process.
The customisable Liquidity Aggregation Service will combine Liquidity Seeking Strategies with our low latency Smart Order Routing functionality to enable you to sweep and post an order on multiple venues concurrently, overcoming the challenges of fragmentation by optimising the search for liquidity and best execution.
