Pre-Trade Analytics

Pre-trade Analytics

After entering your order details (pair, size, and exchange), the Pre-Trade Analytics section provides estimated metrics to help assess market conditions before execution.

Participation Rate

This metric estimates the percentage of total market volume your order is expected to represent over its duration. A higher participation rate may indicate a greater potential market impact. Hover over the term in the platform to see a definition and insights on how trading speed can affect market impact.

Market Volatility

This represents the historical realized volatility of the selected pair on your chosen exchange, extrapolated over the order duration. The estimate accounts for natural market fluctuations within a 1 standard deviation confidence interval. Longer-duration orders are generally exposed to more volatility.

Market Volume

This metric compares realized market volume over the past 24 hours against expected seasonal trends (e.g., time of day, day of the week). It helps determine whether current market activity is above or below typical levels.

These insights provide a clearer picture of how your order might interact with market conditions before execution.