Features > Transparency > Trades dashboard


The Trades dashboard provides a detailed view of trade execution across exchanges and by pair. The dashboard includes a range of metrics, such as trade size, price, and spread, which can be used to evaluate trade execution quality and optimize strategies. The dashboard also allows for filtering of data by date, currency, exchange, and pair, enabling users to access specific areas of interest.

Associated products

Market-making; OTC Trading.


Trade execution; Details by Name.


Provide visualization of trade execution details across exchanges and by pair.

Graphics displayed

Client filters include: Date, Currency1, Currency2, and Exchange.

Summary Table of Executed Trades

  • Provide various metrics aggregated by exchange, pair (base/quote), and side.

  • We use weighted calculations based on the size of the trades.

  • Sum Size: Total amount of base currency traded in base units.

  • Size Ccy2 - Equivalent amount in quote currency.

  • Size Weighted Price: Computed using sum(price*size) / sum(size).

  • Size Weighted Price Index:

    • Computed using: sum(price_index*size) / sum(size)

    • Represents the average purchase price of all transactions in period with respect to the index price. Provides insight into whether the average “actual” purchase price fell above (paid more) or below (paid less) than the “index” price. Purchase price below index would be beneficial as you paid less than the market did on average.

  • Size Weighted Execution Spread

    • Computed using: sum(execution_spread*size) / sum(size)

    • Execution spread: (price-price_index) / price_index

    • Provides the percentage distance of the actual execution price from the index price. Used to evaluate quality of trade execution price. Buys lower than the index and sells greater than the index are favorable.

  • Trades Volume by Exchange: Provides % breakdown of all trades executed by exchange.

Execution Distribution

  • Execution Distribution:

    • Displays Weighted Execution Spread by trade over time period.

    • Detailed by exchange/pair/side.

Trade Volume By Hour

  • Trades Volume by Hour

    • Provides sum of currency1 trade size aggregated over 1-hour periods.

    • Detailed by exchange/pair

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