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Launch with deep books from day one

A single smart-order-router unifies 25+ exchanges and market makers, blending external depth with your internal flow through a hybrid A-book / B-book model — tight spreads, no cold-start.

25+ sources Smart order routing A-book / B-book
SMART ORDER ROUTERBTC-USD · 5.00
Northwind42%
Helix MM28%
Cobalt19%
Internal11%

Avg. fill price64,281.4
Effective spread1.9 bps
0+
Liquidity sources
0bps
Typical effective spread
0
Cold-start days
0+
Trading pairs
Capabilities

One router, every venue

Smart order routing

Best-execution routing across 25+ exchanges and market makers.

Aggregated depth

Unified order book with netting and internalisation of flow.

Hybrid A/B book

Configurable mix of pass-through and principal flow per market.

Markup & spread control

Set markup, spread capture and hedging rules per pair and tier.

Real-time risk netting

Live exposure dashboards and automated hedging triggers.

Failover routing

Automatic rerouting when a venue degrades or goes offline.

Best execution

Every order, the best fill

The router slices each order across sources to minimise slippage and capture the tightest available price — then nets and hedges your residual exposure automatically.

  • Slippage-aware order slicing
  • Internalisation before external routing
  • Automated residual hedging
route.json
{
  "order": "BTC-USD buy 5.0",
  "slices": [
    { "venue": "northwind", "qty": 2.10 },
    { "venue": "helix-mm",  "qty": 1.40 },
    { "venue": "cobalt",    "qty": 0.95 },
    { "venue": "internal",  "qty": 0.55 }
  ],
  "avg_px": 64281.4, "spread_bps": 1.9
}
No cold start

Go live with liquidity that's already deep

Connect once and access aggregated depth across the market.