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Advanced Order Protection

For 10 years Advanced Execution Services® (AES) has been focused on protecting clients’ orders and helping them achieve best execution. Whether it be smart order placement, audited anonymity or comprehensive post trade analytics, AES has been on the forefront of protecting clients in an increasingly complex marketplace.

AES is now proud to announce the incorporation of these long-held ideals through the Advanced Order Protection Program. The AOP Program is meant to encapsulate all the procedures, techniques, and technology AES makes available to help protect its clients.

Included in this program are:

  • Counterparty Controls
    • AES Alpha Scorecard
    • AES Gamefinder
    • Counterparty interaction choice
    • Venue specific Minimum Acceptable Quantity (MAQs)
    • Venue choice
  • Order Level Impact Checks
    • Price Limit
    • Order share quantity
    • Order notional value
    • Market depth
    • Percent of average daily volume
    • Aggregate position level checks
  • Market Anomaly Detection
    • Index Relative Limits
    • Fair Value Pricing Logic
    • Customizable Order Circuit Breakers
  • Confidentiality
    • World’s largest dark pool1
    • Most diverse non-displayed order routing network
    • Audited anonymity
1)
Rosenblatt Survey July 2011, TABB Group LiquidityMatrix July 2011

Secondary Content

AES® Alpha Scorecard

Enabling a safer crossing
AES® Alpha Scorecard

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