Why Spread Is Not Your Real Execution Cost
Execution, queue position, and microstructure effects in systematic trading
Execution infrastructure for market-neutral, systematic traders.
Build and operate pairs, baskets, and basis strategies across crypto and traditional markets with deterministic routing, microstructure-aware execution, and portfolio-level risk controls.
Institutional OMS/EMS control with human-in-the-loop automation, audit-ready workflows, and microstructure-aware routing.
Order handling designed for consistent fills, controlled pacing, and predictable routing.
Pairs, baskets, and basis workflows with portfolio-aware guardrails.
Adaptive scheduling with deterministic routing and explicit safety controls.
Manual placement with execution context, presets, and guardrails.
Pairs, baskets, and basis workflows with transparent analytics.
Unified execution model across venues via REST, WebSocket, and FIX.
RBAC, audit trails, and exposure limits at account and strategy level.
Execution-aware simulations with slippage modeling and attribution.
Execution routing reflects venue microstructure, liquidity regimes, and operational constraints.
Centralized digital asset venues with continuous trading and venue-specific microstructure.
Bybit · Binance
On-chain derivatives venues with transparent settlement and protocol-level constraints.
Hyperliquid · Lighter · Paradex · Pacifica · dYdX · Drift
Professional market data feeds for institutional-grade pricing and analytics.
Millistream
Broker-mediated access to traditional financial instruments and regulated markets.
Nordnet · Alpaca
Not a signal marketplace or beginner platform. Designed for systematic traders, market-neutral builders, and execution-sensitive teams.
Design and run portfolio-aware strategies with deterministic routing and guardrails.
Pairs, baskets, and basis strategies with transparent execution and risk framing.
Microstructure-aware execution with controls suited for real capital and real constraints.
Representative workflows that emphasize execution quality and portfolio-level control.
Execution focus: spread calibration, leg timing, and liquidity-aware pacing.
Execution focus: funding capture mechanics, roll timing, and venue constraints.
Execution focus: rebalance cadence, liquidity weighting, and exposure drift.
Directional exposure is supported with portfolio-level risk controls and execution guardrails, but it is not the core focus.
Practical writing on execution quality, market microstructure, and portfolio-level trading design.
Execution, queue position, and microstructure effects in systematic trading
Execution models, APIs, and control surfaces documented for review by engineers and traders. Documentation is written to be inspected, questioned, and validated before capital is deployed.
Request a technical demo or review the execution model in detail.