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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 master circular no. NSE/MSD/57331 dated June 28, 2023 and updated from time to time. 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.
- Registration to the member by NSE.
Updated on: 09/08/2023
