Console / Research / Backtesting
Simulation that pays the real cost of trading.
Orders fill at the real order-book touch, bid on the sell side and ask on the buy side, with venue fees applied, so results reflect the true cost of crossing the market.
The engine simulates execution at the price a strategy would actually receive, with venue fees included, so reported performance is net of the frictions an institution pays.
Fills at the touch you would cross
The engine fills at the touch: the bid when selling, the ask when buying. The spread is the largest and most persistent cost in most systematic strategies, and it is charged on every fill.
Fees and frictions included
Venue fees are applied as part of the fill, so the number the backtest produces is the number after the market has been paid.
Built to carry into production
Because the same strategy definition runs in research and live, a faithful backtest is a genuine forecast of live behavior rather than an optimistic ceiling. The distance between simulated and realized performance - the gap that quietly erodes confidence in most systematic programs - is minimized by construction, because both are produced by the same logic paying the same costs.
For institutions
Backtest integrity is the foundation of every downstream claim.
Cost-realistic simulation means projected returns, capacity estimates, and risk figures rest on execution assumptions a diligence team can accept.
Next step
Backtesting, live on your strategies and venues.
Response within two business days