A-book. B-book. Hybrid. Per instrument and per client.
TraderEvolution's order routing engine determines where each order goes — to external liquidity providers (A-book), internal execution (B-book), or a combination of both (hybrid). Routing Rules are configured per instrument, per client group, or per individual account, giving brokers full control over their execution model.
Routing Rules define the execution path for every order. Brokers configure rules in Back-Office without any development work.
Orders route directly to external liquidity providers, ECNs, or exchanges. The broker acts as an intermediary — no market risk on the broker's book. Revenue comes from commissions and markups.
Orders execute internally against the broker's own book. The broker takes the opposite side of the client's trade. Revenue comes from spread and client trading losses. Market risk sits with the broker.
Different rules for different scenarios. Route large orders to LPs, keep small retail flow internal. Switch models per instrument, per account, or per volume threshold.
Set different routing rules for each instrument. Route EUR/USD to LP-A, AAPL to Interactive Brokers, and crypto CFDs to internal execution — all from the same Back-Office.
Professional clients route A-book, retail clients route B-book. VIP clients get tighter spreads through a different LP. All configurable per group in Back-Office.
Route to 80+ pre-built integrations — tier-1 banks, ECNs, exchanges, and liquidity providers. Add new venues without changing routing logic.
Instruments from different LPs are normalised into a unified symbol space. One instrument can aggregate quotes from multiple sources, with the best price shown to the client.
Routing Rules are configured in Back-Office. Our team helps define the optimal execution model for your business and regulatory requirements.