Improve Trading

Quantia’s TrueTick service adds trading peripheral vision

Level 1 quote data comprises price and spread information, possibly augmented with some volume information at the best bid and best offer. However, level 1 data provides no information on the price of liquidity, and is an essentially one dimensional view of market state.

Harnessing effectively summarized level 2 or order book data opens a new dimension in market state awareness. Adding this peripheral trading vision allows traders to answer critical questions:

Manage trade lists
Which trade list symbols require special treatment given liquidity conditions?

Pre-trade analysis
Is the available liquidity sufficient to effectively execute the planned trade list?

Trade execution
Has market state suddenly become unfavorable to the selected trading approach?

Post-trade analysis
Did the prices at the volumes executed match the state of the market over time?