Under the hood
Where your fills come from. Said plainly.
No black box dressed up as a trading floor. Here is exactly what you're trading and what you're not.
The mechanics
The order book is modelled and seeded from real venue depth, then moved by the model, not by a desk taking your trade. Spreads, slippage and fills are the same for everyone in a tier. Tier-1 liquidity sits behind the pricing. What you don't get is a counterparty with a reason to want you wrong.
- Pricing
- Seeded from real venue depth
- Counterparty
- None. The model has no position against you
- Fills
- Same model for every trader in a tier
- Recalibration
- On a published cadence ‹confirm›
Said out loud
A model can't be bribed.
No requotes, no last-look, no fill games, no instrument quietly disabled the day you get good. The rules are enforced at the venue, not by a human who can be argued round. The catch most firms hide, that it's simulated, is exactly what removes the conflict.