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Questions we answer

Start with yours.

The everyday one
"How do we compare to the market?"
Your flow against everything that traded in the same names, at the same time - the addressable market as the denominator, the SMART benchmark as the lens.
The uncomfortable one
"Do we pay more spread than the market?"
Effective spread capture at your sizes versus the market's - fill by fill, venue by venue, with the detail to see exactly where it happens.
The advanced one
"How much did we move the auction?"
Your share of the auction and the imbalance you contributed - impact analysis most desks cannot see, on the same record.
The core

Measured against the market - properly.

The SMART benchmark

Configurable and auditable - horizon, venues, mechanisms: your parameters. One lens from estimate to outcome, in bps, spreads or currency.

Addressable volumes

The honest denominator. Every print classified, so performance is measured against the market you could actually have traded - not the headline number.

Nanosecond precision

Compliance-grade detail behind every number: spread capture, reversion curves and audit-ready timestamps, fill by fill.

One methodology, every perspective

Compliance tools. Reports. API.

The same numbers however your team works - and always against the market, not just against yourself.

For oversight

Compliance tools

Best-execution monitoring with thresholds and alerts - evidence that survives scrutiny, with the audit trail attached.

For committees & clients

Reports

Client-ready and committee-ready reporting, scheduled or on demand - the story and the numbers in one document.

For quants & automation

API

Quant-grade depth programmatically - the same measurements, pulled straight into your research and workflows.

56%
of buy-side respondents name consistent execution quality across brokers, venues and benchmarks as their key issue - xyt buy-side survey, Apr 2026, as covered by The TRADE.
Capabilities

Specialist work, on the same methodology.

Broker comparison Every broker you trade, measured on the same SMART benchmark.
Venue & mechanism analysis Your fills versus where the market traded, mechanism by mechanism.
Spread capture & reversion The fill-by-fill detail behind the headline number.
Auction impact How much you moved the auction - the advanced work.
Real-time monitoring Intraday quality with threshold alerts - steer while it works.
PRIIPs reporting Upload transactions, get audit-ready regulatory output.