Best execution for size — and you pay only on what you save.
Routon routes large orders to minimize price impact, measures every fill against a TWAP benchmark, and prices on the slippage actually saved. No improvement, no fee — non-custodial throughout.
Execution measured, not promised.
A best-execution layer for desks and treasuries that move size — every order benchmarked against a TWAP, so the improvement you pay for is the improvement you got.
Built to move size without moving the market.
Large orders are split and routed across venues to minimize price impact, with MEV protection on the execution path — the difference between a clean fill and a costly one on size.
- MEV-protected routingOrders split and routed to minimize price impact and adversarial extraction.
- Benchmarked against TWAPEvery fill measured against a time-weighted benchmark, so improvement is provable.
- Non-custodial executionRouton never takes custody of funds — the same invariant the protocol enforces.
Aligned to your outcome.
The fee is a share of the slippage saved against the benchmark, settled to your treasury per order. If an order doesn't beat the benchmark, there's no fee — the incentive is to save you money, not to transact.
- Performance-basedYou pay a share of measured improvement — no improvement, no fee.
- Treasury-grade reportingPer-order and portfolio reporting your treasury and board can audit.
- Settled per orderImprovement and fee are recorded and settled order by order, transparently.
Built for teams that move size.
From first order to settled improvement.
Execution is scoped, run against your real flow, and settled transparently.
Scope
We define the assets, venues, and size profile in scope — and the TWAP benchmark each order is measured against.
Route
Orders are split and routed across venues with MEV protection to minimize price impact on size.
Measure
Each fill is benchmarked against the TWAP, and the slippage saved is computed and recorded.
Settle
A share of the measured improvement is settled to your treasury per order — no improvement, no fee.
You pay on what you save.
Performance-based, settled per order. Scope is set per client.
Performance-based fee
The fee is a share of the slippage saved against the TWAP benchmark, settled to your treasury. If an order doesn't beat the benchmark, there is no fee.
Always a pilot first
Execution starts with a scoped, paid pilot against your real flow, so the measured improvement is proven on your own orders before scaling.
Looking for risk operation instead?
Continuous attested risk operation is a separate product. See Risk Operations.
Put your execution on a benchmark.
Tell us what you're trading and the size you move — we'll scope a pilot against your real flow.