Enlighten your algos

Hidden orders have a visible impact on market dynamics. Liquidity Lamp illuminates these hidden forces on pricing and execution. Enlighten your strategies with Signum.

Reserve orders are trade magnets

Hidden orders in the market are significantly larger than visible orders and they beget concentrations of trading activity - up to 100x more executions per unit time. Signum’s accurate identification of reserve orders - Liquidity Lamp - and estimation of their size - Searchlight - allow algo traders to make more informed trading decisions. Read our whitepapers to learn more.

Today’s top 10 names by concentration ratio

The chart below ranks US equity instruments by concentration ratio - the relative number of executions while Liquidity Lamp is lit versus when it is not. Liquidity Lamp enables you to identify the names with the largest hidden forces and to act accordingly.

Top Ten Reserve Order Executions for

Rank Symbol Signal Volume The total volume of reserve orders executed during the day Lit Volume The day's total volume of all executions while Liquidity Lamp is lit. Concentration Ratio Concentration ratio quantifies the relative number of executions while Liquidity Lamp is lit versus when it is not.

Leverage insights from the shadows

Knowledge is power. Liquidity Lamp is like X-ray vision for your trading strategies. Go on, be a superhero.

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Identify insider intentions

Insiders often use reserve orders to minimize market impact when making big moves. Liquidity Lamp identifies orders that matter.

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Execute faster with less risk

Smart Order Routers can slice bigger and execute faster when they know there is more liquidity to be had. Boost fill rates and minimize slippage risk with Liquidity Lamp and Searchlight.

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Forecast flow bursts

Liquidity Lamp reliably picks the place and time of a liquidity lighting strike. Tap that current to energize your trading strategies.

Locate localized liquidity

Up to 48% of the daily volume of US blue chip stocks is traded with reserve orders. Up to one third of the daily total volume on major US equity exchanges is traded with reserve orders. That’s a lot of hidden liquidity. Liquidity Lamp and Searchlight help you find it and use it.

Today’s top 10 names by reserve order volume

The chart below ranks US equity instruments by the number of reserve order shares executed today. For each name, we show the number of shares executed while Liquidity Lamp signaled the presence of a reserve order. The concentration ratio quantifies the relative number of executions while Liquidity Lamp is lit versus when it is not.

Top Ten Reserve Order Executions for

Rank Symbol Signal Volume The total volume of reserve orders executed during the day Lit Volume The day's total volume of all executions while Liquidity Lamp is lit. Concentration Ratio Concentration ratio quantifies the relative number of executions while Liquidity Lamp is lit versus when it is not.

Try out our torch

Can you really afford to not learn more? Register to access free Liquidity Lamp sample data and whitepapers. Go on, be a superhero. Get X-ray vision for your algos with Signum.

Demo data