Venue analysis is all the rage these days, but an old theme. Nasdaq and the NYSE once fought to advertise the relative execution quality on their venues, motivating academic work purporting to make the comparison. With the arrival of electronic trading venues, initial efforts concentrated on explaining the mechanics of different venues, followed by empirical studies, which attempted to contrast execution on electronic and floor systems.
Venue analysis includes topics related to performances by venue, trading algorithms, trade routing, order routing, fill rates and liquidity maker, taker analysis. This thread is a good place to post your views and comments relate to venue analysis.