
Liquidity Pools and Smart Order Routing, Explained
Work through a pool calculation to see why trade size changes a quote and when splitting a route may help.
7 min readExplore the relationship between available trading depth, pool design, and execution price. Learn why liquidity near the current price matters and when route splitting can help.

Work through a pool calculation to see why trade size changes a quote and when splitting a route may help.
7 min read
A trading venue and a routing service solve different parts of a swap. Learn how to compare their actual execution paths.
7 min readExplore the routing fundamentals or check a term in the glossary.