<?xml version="1.0" encoding="utf-8"?>
<TEI xmlns="http://www.tei-c.org/ns/1.0" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:hal="http://hal.archives-ouvertes.fr/" xmlns:gml="http://www.opengis.net/gml/3.3/" xmlns:gmlce="http://www.opengis.net/gml/3.3/ce" version="1.1" xsi:schemaLocation="http://www.tei-c.org/ns/1.0 http://api.archives-ouvertes.fr/documents/aofr-sword.xsd">
  <teiHeader>
    <fileDesc>
      <titleStmt>
        <title>HAL TEI export of hal-01055031</title>
      </titleStmt>
      <publicationStmt>
        <distributor>CCSD</distributor>
        <availability status="restricted">
          <licence target="https://creativecommons.org/publicdomain/zero/1.0/">CC0 1.0 - Universal</licence>
        </availability>
        <date when="2026-05-21T14:27:03+02:00"/>
      </publicationStmt>
      <sourceDesc>
        <p part="N">HAL API Platform</p>
      </sourceDesc>
    </fileDesc>
  </teiHeader>
  <text>
    <body>
      <listBibl>
        <biblFull>
          <titleStmt>
            <title xml:lang="en">A Methodology to Assess the Benefits of Smart                                    Order Routing</title>
            <author role="aut">
              <persName>
                <forename type="first">Bartholomäus</forename>
                <surname>Ende</surname>
              </persName>
              <idno type="halauthorid">852956-0</idno>
              <affiliation ref="#struct-263755"/>
            </author>
            <author role="aut">
              <persName>
                <forename type="first">Peter</forename>
                <surname>Gomber</surname>
              </persName>
              <idno type="halauthorid">852957-0</idno>
              <affiliation ref="#struct-263755"/>
            </author>
            <author role="aut">
              <persName>
                <forename type="first">Marco</forename>
                <surname>Lutat</surname>
              </persName>
              <idno type="halauthorid">852958-0</idno>
              <affiliation ref="#struct-263755"/>
            </author>
            <author role="aut">
              <persName>
                <forename type="first">Moritz C.</forename>
                <surname>Weber</surname>
              </persName>
              <idno type="halauthorid">852959-0</idno>
              <affiliation ref="#struct-263755"/>
            </author>
            <editor role="depositor">
              <persName>
                <forename>Hal</forename>
                <surname>Ifip</surname>
              </persName>
              <email type="md5">2073ac78024b6e13f2714db96e9b1e63</email>
              <email type="domain">inria.fr</email>
            </editor>
          </titleStmt>
          <editionStmt>
            <edition n="v1" type="current">
              <date type="whenSubmitted">2014-08-11 10:25:38</date>
              <date type="whenModified">2025-06-18 08:34:09</date>
              <date type="whenReleased">2014-08-11 15:59:08</date>
              <date type="whenProduced">2010-11-03</date>
              <date type="whenEndEmbargoed">2014-08-11</date>
              <ref type="file" target="https://inria.hal.science/hal-01055031v1/document">
                <date notBefore="2014-08-11"/>
              </ref>
              <ref type="file" subtype="author" n="1" target="https://inria.hal.science/hal-01055031v1/file/i3e2010_submission_27.pdf" id="file-1055031-859468">
                <date notBefore="2014-08-11"/>
              </ref>
              <ref type="externalLink" target="https://link.springer.com/content/pdf/10.1007%2F978-3-642-16283-1_12.pdf"/>
            </edition>
            <respStmt>
              <resp>contributor</resp>
              <name key="200187">
                <persName>
                  <forename>Hal</forename>
                  <surname>Ifip</surname>
                </persName>
                <email type="md5">2073ac78024b6e13f2714db96e9b1e63</email>
                <email type="domain">inria.fr</email>
              </name>
            </respStmt>
          </editionStmt>
          <publicationStmt>
            <distributor>CCSD</distributor>
            <idno type="halId">hal-01055031</idno>
            <idno type="halUri">https://inria.hal.science/hal-01055031</idno>
            <idno type="halBibtex">ende:hal-01055031</idno>
            <idno type="halRefHtml">&lt;i&gt;10th IFIP WG 6.11 Conference on e-Business, e-Services, and e-Society (I3E)&lt;/i&gt;, Nov 2010, Buenos Aires, Argentina. pp.81-92, &lt;a target="_blank" href="https://dx.doi.org/10.1007/978-3-642-16283-1_12"&gt;&amp;#x27E8;10.1007/978-3-642-16283-1_12&amp;#x27E9;&lt;/a&gt;</idno>
            <idno type="halRef">10th IFIP WG 6.11 Conference on e-Business, e-Services, and e-Society (I3E), Nov 2010, Buenos Aires, Argentina. pp.81-92, &amp;#x27E8;10.1007/978-3-642-16283-1_12&amp;#x27E9;</idno>
            <availability status="restricted">
              <licence target="https://creativecommons.org/licenses/by/4.0/">CC BY 4.0 - Attribution<ref corresp="#file-1055031-859468"/></licence>
            </availability>
          </publicationStmt>
          <seriesStmt>
            <idno type="stamp" n="IFIP">IFIP - International Federation for Information Processing</idno>
            <idno type="stamp" n="IFIP-AICT" corresp="IFIP">IFIP Advances in Information and Communication Technology</idno>
            <idno type="stamp" n="IFIP-AICT-341" corresp="IFIP-AICT">Software Services for e-World</idno>
            <idno type="stamp" n="IFIP-TC" corresp="IFIP">IFIP Technical Committees </idno>
            <idno type="stamp" n="IFIP-WG" corresp="IFIP">Working Groups</idno>
            <idno type="stamp" n="IFIP-TC6" corresp="IFIP-TC">TC 6: Communication Systems</idno>
            <idno type="stamp" n="IFIP-WG6-11" corresp="IFIP-WG">WG 6-11: Communication Aspects of the e-World</idno>
            <idno type="stamp" n="IFIP-I3E" corresp="IFIP">Conference on e-Business, e-Services, and e-Society</idno>
            <idno type="stamp" n="IFIP-2010">IFIP-2010</idno>
          </seriesStmt>
          <notesStmt>
            <note type="audience" n="2">International</note>
            <note type="invited" n="0">No</note>
            <note type="popular" n="0">No</note>
            <note type="peer" n="1">Yes</note>
            <note type="proceedings" n="1">Yes</note>
          </notesStmt>
          <sourceDesc>
            <biblStruct>
              <analytic>
                <title xml:lang="en">A Methodology to Assess the Benefits of Smart                                    Order Routing</title>
                <author role="aut">
                  <persName>
                    <forename type="first">Bartholomäus</forename>
                    <surname>Ende</surname>
                  </persName>
                  <idno type="halauthorid">852956-0</idno>
                  <affiliation ref="#struct-263755"/>
                </author>
                <author role="aut">
                  <persName>
                    <forename type="first">Peter</forename>
                    <surname>Gomber</surname>
                  </persName>
                  <idno type="halauthorid">852957-0</idno>
                  <affiliation ref="#struct-263755"/>
                </author>
                <author role="aut">
                  <persName>
                    <forename type="first">Marco</forename>
                    <surname>Lutat</surname>
                  </persName>
                  <idno type="halauthorid">852958-0</idno>
                  <affiliation ref="#struct-263755"/>
                </author>
                <author role="aut">
                  <persName>
                    <forename type="first">Moritz C.</forename>
                    <surname>Weber</surname>
                  </persName>
                  <idno type="halauthorid">852959-0</idno>
                  <affiliation ref="#struct-263755"/>
                </author>
              </analytic>
              <monogr>
                <title level="m">IFIP Advances in Information and                                        Communication Technology</title>
                <meeting>
                  <title>10th IFIP WG 6.11 Conference on e-Business, e-Services, and e-Society (I3E)</title>
                  <date type="start">2010-11-03</date>
                  <date type="end">2010-11-05</date>
                  <settlement>Buenos Aires</settlement>
                  <country key="AR">Argentina</country>
                </meeting>
                <editor>Wojciech Cellary; Elsa Estevez</editor>
                <imprint>
                  <publisher>Springer</publisher>
                  <biblScope unit="serie">Software Services for e-World</biblScope>
                  <biblScope unit="volume">AICT-341</biblScope>
                  <biblScope unit="pp">81-92</biblScope>
                  <date type="datePub">2010</date>
                </imprint>
              </monogr>
              <idno type="doi">10.1007/978-3-642-16283-1_12</idno>
            </biblStruct>
          </sourceDesc>
          <profileDesc>
            <langUsage>
              <language ident="en">English</language>
            </langUsage>
            <textClass>
              <keywords scheme="author">
                <term xml:lang="en">Smart Order Router</term>
                <term xml:lang="en">Process Optimisation</term>
                <term xml:lang="en">Electronic Markets</term>
              </keywords>
              <classCode scheme="halDomain" n="info.info-dl">Computer Science [cs]/Digital Libraries [cs.DL]</classCode>
              <classCode scheme="halTypology" n="COMM">Conference papers</classCode>
              <classCode scheme="halOldTypology" n="COMM">Conference papers</classCode>
              <classCode scheme="halTreeTypology" n="COMM">Conference papers</classCode>
            </textClass>
            <abstract xml:lang="en">
              <p>Smart Order Routing technology promises to improve                            the efficiency of the securities trading value chain by selecting most                            favourable execution prices among fragmented markets. To measure the                            extent of sub-optimal order executions in Europe we develop a simulation                            framework which includes explicit costs associated with switching to a                            different market. By analysing historical order book data for EURO STOXX                            50 securities across ten European lectronic markets we highlight an                            economically relevant potential of Smart Order Routing to improve the                            trading process on a gross basis. After the inclusion of switching costs                            (net basis), the realisability of this value potential depends on                            whether the user can directly access post-trading infrastructure of                            foreign markets or has to make use of intermediaries'                            services.</p>
            </abstract>
          </profileDesc>
        </biblFull>
      </listBibl>
    </body>
    <back>
      <listOrg type="structures">
        <org type="laboratory" xml:id="struct-263755" status="INCOMING">
          <orgName>E-Finance Lab</orgName>
          <desc>
            <address>
              <addrLine>Frankfurt</addrLine>
              <country key="DE"/>
            </address>
          </desc>
          <listRelation>
            <relation active="#struct-91203" type="direct"/>
          </listRelation>
        </org>
        <org type="institution" xml:id="struct-91203" status="VALID">
          <idno type="ISNI">0000 0004 1936 9721</idno>
          <idno type="ROR">https://ror.org/04cvxnb49</idno>
          <orgName>Goethe University Frankfurt = Goethe-Universität Frankfurt am Main</orgName>
          <date type="start">1914-01-01</date>
          <desc>
            <address>
              <addrLine>Theodor-W.-Adorno-Platz 1 , 60323 Frankfurt am Main</addrLine>
              <country key="DE"/>
            </address>
            <ref type="url">http://www.goethe-university-frankfurt.de/en?</ref>
          </desc>
        </org>
      </listOrg>
    </back>
  </text>
</TEI>