How it works

Learn how TradeCompareIQ compares venues, execution outcomes, liquidity, fees and time windows.

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How TradeCompareIQ Works

Purpose

TradeCompareIQ is designed to help users compare the estimated execution outcome across supported digital asset venues.

The platform does not simply look at the displayed top-of-book price. It evaluates whether an order can realistically be executed and compares the estimated outcome after taking execution-related factors into account.

The result is an estimated best venue for the selected asset, trade direction, order size, selected venues, and selected time window.

What TradeCompareIQ Compares

Depending on the selected comparison type, TradeCompareIQ may use current live market data or stored observations from the 4-hour, today, 1-week, and 1-month windows.

The system is built to compare the quality of the estimated execution outcome, not only the headline price shown by an exchange.

TradeCompareIQ may compare:

  • Executable price: the estimated price available for the selected order size.
  • Estimated fees: venue-level fee assumptions used in the comparison.
  • Spread: the difference between the available bid and ask levels.
  • Slippage: the estimated movement between the top price and the executable average price for the selected order size.
  • Fill availability: whether enough liquidity appears available to execute the selected order size.
  • Stored time-window observations: valid market records inside the selected 4-hour, today, 1-week, or 1-month window.

How BUY Comparisons Work

For a BUY comparison, TradeCompareIQ estimates which venue offers the lowest executable acquisition cost for the selected asset and order size.

In simple terms, the system looks for the venue where the user can buy the selected asset most efficiently based on the available data.

A venue with a lower headline ask price will not necessarily win if it cannot support the selected order size or if execution costs make the final outcome worse.

How SELL Comparisons Work

For a SELL comparison, TradeCompareIQ estimates which venue returns the highest net proceeds after execution-related costs.

In simple terms, the system looks for the venue where selling the selected asset is expected to return the strongest net result.

A venue with a higher top bid price will not necessarily win if there is not enough executable depth or if costs and slippage reduce the net outcome.

How Time Windows Work

TradeCompareIQ may show results using different time windows. Each time window answers a slightly different question.

Current / live - Compares the latest available market data for the selected asset, direction, exact amount, and venues. 4 hours - Compares stored valid observations from approximately the last 4 hours. Today - Compares stored valid observations from the current UTC day. 1 week - Compares stored valid observations from approximately the last 7 days. 1 month - Compares stored valid observations from approximately the last 30 days.

For stored time windows, TradeCompareIQ evaluates valid observations inside the selected period and identifies the venue that most consistently delivered the strongest estimated execution outcome during that period.

Stored time-window results use the nearest pre-calculated USDT amount bucket. Live results use the exact amount entered by the user.

Why Some Venues May Be Excluded

A supported venue may be excluded from the best-venue decision when there is insufficient execution data for the selected comparison.

For example, a venue should not be selected as best if the platform cannot calculate enough information about fill availability, executable price, fees, spread, or estimated asset/proceeds received.

Important Data-Quality Rule

Venues with insufficient or incomplete execution data are not intended to be eligible for the best-venue calculation.

They may still appear as unavailable or incomplete, depending on the screen and data returned.

Why the Best Venue Can Change

The best venue can change frequently because exchange liquidity, spreads, fees, order book depth, and market volatility can change quickly.

A venue that is best for one asset, order size, trade direction, or time window may not be best for another.

For example:

  • A small order may be filled efficiently at one venue, while a larger order may require deeper liquidity elsewhere.
  • A venue can look attractive on price but become less attractive after fees and slippage.
  • Recent data may show a different result from a longer historical period.
  • A venue may be unavailable for a specific asset or may not provide enough data for a valid comparison.

Estimated Results, Not Trade Execution Instructions

TradeCompareIQ provides estimated comparison information for decision support.

It does not execute trades, guarantee execution, guarantee price availability, or provide financial advice.

Actual trade outcomes may differ because markets move, order books change, exchange fees may vary by user account, and execution conditions can change between calculation and order placement.

Plain-Language Summary

For BUY, TradeCompareIQ looks for the venue with the strongest estimated acquisition cost.

For SELL, it looks for the venue with the strongest estimated net proceeds.

Across time windows, it evaluates valid observations within the selected period and identifies the venue that most consistently produced the best estimated outcome.