Smart Order Routing (SOR)
The Securities & Exchange Board of India (SEBI) has approved providing Smart Order Routing (SOR) facility vide circular no. CIR/MRD/DP/26/2010 dated August 27, 2010. SOR would enable the brokers trading engines to systematically choose the execution destination based on factors viz. price, costs, speed, likelihood of execution and settlement, size, nature or any other consideration relevant to the execution of the order.
- Submission of documents by the member as per the circular NSE/MSD/41332 dated June 17, 2019, NSE/CMTR/17073 dated 24th Feb 2011 & NSE/CMTR/17559 dated 21st April. 2011 Members are required to submit the original copy of the audit report of the system audit conducted of their software and systems proposed for SOR to the Exchange along with the application for SOR facility.
- Approval to the member by NSE.