InvestorQ : What is meant by Smart Order Routing (SOR) and how is it useful to an investor?
ananya Sing made post

What is meant by Smart Order Routing (SOR) and how is it useful to an investor?

Answer
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2 years ago


This is a facility that has been recently introduced in the Indian markets. The trading screen on the HDFC Securities platform gives you the option to execute orders either at the NSE or the BSE, depending on where it is listed. There is also the third option of using smart order routing (SOR) order. If you select SOR order, then the trading engine automatically detects the best price and executes the order. For example in case of a buy order, the SOR will automatically execute at the exchange where the price is lower. In case of sell orders, the SOR will automatically execute the order at the exchange where the price is higher.