Belzberg to provide order routing to Canadian market

Source: Belzberg Technologies

Belzberg Technologies today announced that it will provide a Best Canadian Market Gateway to its client base by the end of Q1, 2007.

This product - the newest member of Belzberg's BestX suite of smart order routing products - will allow Canadian customers to satisfy best market regulatory requirements at no additional cost on front-end systems and FIX connections. The product will also include options for advanced algorithms and BestX international routing, from the same platform for an additional fee. This technology goes beyond what is being offered in Canada at the present time.

Starting in Q2, the Belzberg Technologies BestX suite will include Best North American Market routing, seamless F/X Auto-Hedge trading, and Canadian versions of its U.S. VWAP, TWAP, and trade slice algorithms as add-on features.

"With the debut of alternative Canadian equity markets on the horizon, now is the perfect time for us to bring our BestX smart order routing and algorithmic trading technology to Canada" said Sid Belzberg, CEO of Belzberg Technologies. "To us, best market trading means being able to trade a stock anywhere in the world that it is listed, and our technology is able to do that."

"We are very excited to offer the first F/X Auto-Hedge, cross-border trading system in Canada" said Donald Wilson, COO of Belzberg. "Our basic, Best Canadian Market Gateway is being offered to our customers free of charge, fees will only apply to customers that use Best North American Market, F/X Auto-Hedge, and the Canadian Algorithmic Trade Engine."

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