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Stable, Real-Time Predictions

The majority of intra-day trades occur during the prelude to a quote price change. Signum’s accurate prediction of imminent quote price changes – Quote Fuse – allows execution strategies to reliably target pools of available liquidity. 

Quote Fuse works by delivering a new prediction of bid and offer price stability on every real-time quote event for the National Best Bid and Offer (NBBO). Specifically, the prediction is a pair of probability values – one for the bid and one for the offer. Each value is the probability that the price will change in less than 50 milliseconds.  

Timing is Everything

When combined with our Quote Vector signal, clients can trade with a complete prediction of quote price dynamic allowing them to reap handsome returns, improve execution, and dramatically reduce slippage.  

Knowing whether a price is stable or about to change is powerful. Optimize your fills and squelch your risk with Quote Fuse’s real-time predictions of quote price stability.

Forecast 70% of intraday flow

The majority of intra-day trades occur during the prelude to a quote price change. Signum’s accurate prediction of imminent quote price changes – Quote Fuse – allows execution strategies to reliably target pools of available liquidity.

Use Cases

  1. Know When To Go Dark

    Gain price certainty for larger executions with Quote Fuse. When Quote Fuse reveals that lit market prices are stable, take liquidity in dark markets before taking visible liquidity with market impact.

  2. Transform Slippage Into Price Improvement

    Reliably take the best price now or a better price in microseconds. Quote Fuse provides accurate predictions of when the next quote price movement will occur with every market data tick. When combined with our Quote Vector signal, you trade with a complete prediction of quote price dynamics.

  3. Avoid Stale Prices and Toxic Trades

    Dive into real liquidity pools rather than dry mirages or shark-infested waters. Quote Fuse can be used to identify stale quotes on remote markets. Our research also shows that combining these predictions with venue identifiers helps identify toxic trading conditions such as artificial spread compression. Read our whitepapers to learn more.

  4. Enable New Order Types

    The competition for liquidity is fierce. Distinguish your venue with Signum-enabled order types that differentiate the quality of your fills from the pack.

Download Product Info

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Dial in your desired accuracy

The majority of intra-day trades occur during the prelude to a quote price change. Signum’s Quote Fuse delivers a new prediction of bid and offer price stability on every real-time quote event. Specifically, the prediction is a pair of probability values – one for the bid and one for the offer. Each value is the probability that the price will change in less than 50 milliseconds. You select the right probability thresholds upon which to act.

Accuracy Thresholds

57.8% of intraday volume is traded in the 50 millisecond prelude to a new quote price

  • 59.10% Signaled Liquidity
  • 40.90% Not Signaled Liquidity

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