THOR Trading Platform

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The Tactical Hybrid Order Router is an electronic trading platform that delays large orders on purpose so that scalpers cannot take advantage of it. Allen Zhang and Brad Katsuyama created the platform whilst working at the Royal Bank of Canada. 

Most of the time a large order cannot be fulfilled by a single stock exchange. It has to go through different stock exchanges. Scalpers would notice this and buy the stocks on other exchanges using high-frequency trading (HFT). This way they can sell the stocks with profit as soon as the order comes through in its entirety. The THOR trading platform splits large orders into multiple sub-orders and delays these on purpose to make sure they all arrive at the same time at all the exchanges. This prevents scalpers from using HFT trading to profit from the order.

The mission of Business24-7 is to provide comprehensive, unbiased ratings and reviews of the best online brokers. Trading platform, fees, mobile trading, payments, assets, regulation, education, and research are all part of our six-month evaluation of a broker’s trading platform. The rating scale was based on thousands of data points that have been weighted into the scoring system. Brokerages were required to fill out a multi-point survey regarding every aspect of their platform. In-person demonstrations and evaluations were provided by the majority of the online brokers we reviewed. Stefan Grasic, along with our team of industry experts, conducted our reviews and developed this methodology for ranking what form is used in online investing.

All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.

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Stefan Grasic (Dipl.-Jur) is the World Wide Director of research for Buisness24-7 and has considerable experience in the financial and investment niche, but also enjoys writing articles for the general readership. Stefan is an active Crypto, Forex and general investment researcher advising blockchain companies at their start up level. He keeps fit by mountain biking, surfing, skiing and lots of other adrenaline sports.


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