Latency Arb Tracker
Detect structural front-running before the execution desk calls you.
NOT YET PRICED
No figure has been directed for this instrument, because it is not built. It is written in the future tense throughout for the same reason. Every other instrument in the catalogue publishes an anticipated indication; this one publishes the gap instead of filling it.
Nothing on this site is on sale. There is no checkout, no cart and no payment link on any page. Prices publish pre-launch so they can be read, compared and checked rather than requested — seat bands, group licences and multi-year terms are set out in full below.
Standing policy — read this beside the figure
- No promise of profit, ever. Hadal makes no performance claims and carries no implied edge. Past measurements describe instrument behaviour — never future returns.
- You own risk management. Hadal cannot control it and does not insure it. Good tools do not fix bad discipline — and this site says so.
- Analytical tools, for discretionary use. Nothing here is investment advice or a recommendation to trade. Every decision, and every outcome, is yours.
The same statement stands in the footer of every page.Terms Privacy
| Specification | Value |
|---|---|
| Catalogue no. | P22 |
| Suite | Desk Discipline |
| Methodology | How the Desk Discipline suite measures |
| Availability | Pre-launch — not on sale |
| Anticipated price | NOT YET PRICED |
| Delivery | Marketplace SKU · hub subscription |
| Published measurements | NOT YET PUBLISHED |
| Provenance artifact | NOT YET PUBLISHED |
If your fills are consistently worse than your quotes by more than noise can explain, someone’s clock is ahead of yours. The Latency Arb Tracker will measure whether your execution path leaks time — and whether that leak has a structure.
Being picked off on stale quotes is the trader’s name for this, and as a description of the outcome it is close enough: the price you committed to was already history by the time the order landed. The tracker will measure the trace it leaves — the signed drift between the quote you acted on and the fill you received, taken across enough orders that asymmetry can be separated from noise. The folk phrase supplies an actor and a motive; a drift distribution supplies neither, and the instrument will publish the distribution with the innocent explanations standing beside it.
What it will measure
Whether execution costs that feel wrong come from bad structure or from bad luck is what the tracker will measure.
- Quote-to-fill drift. The signed price movement between the moment you committed to a trade and the moment it filled, as a distribution — not an anecdote. Random slippage is symmetric; structural disadvantage is not.
- Adverse-selection signatures. Whether the market systematically moves against you in the milliseconds around your own orders, conditioned on order type, session, and size — the fingerprint of being the slow counterparty.
- Rejection and requote structure. When and how your orders get rejected or requoted, and whether those events cluster exactly where an informed intermediary would want them to.
What it will not do
The Latency Arb Tracker will not name a culprit. Measured latency disadvantage has multiple innocent explanations — routing, session load, your own infrastructure — and the instrument enumerates them honestly beside every finding. It establishes that you are structurally slow and where it costs you, with distributions and sample sizes. What you do with that is between you and your broker.
Who it is for
Prop-desk operators and serious retail traders whose execution costs feel wrong but who currently have no way to distinguish bad luck from bad structure.
The ship gate
No instrument is sold until it does what this page says it does. Where a page is written in the future tense, that tense is a statement about timing rather than a hedge about capability: the instrument is not finished, so it is not listed as available, not priced as available, and not sold. It waits.
Nothing described in this catalogue is a placeholder that will quietly disappear. An instrument that turns out to be wrong gets a kill-ledger entry, not a deletion — which is the only version of that promise anyone can check.
Commercial terms
Published in full, pre-launch, so they can be read and checked rather than requested. Every figure is an anticipated indication I have set and not yet ratified, and every derived figure is the arithmetic of the one above it — shown, not asserted. Nothing here is purchasable: there is no checkout on this site.
The two-SKU split
| Route | What it is | Anticipated |
|---|---|---|
| Marketplace SKU | Where this instrument ships through a platform marketplace, that SKU is the fully-functional standalone tier — the complete battery, running natively on your platform, no external account required. Never paid-but-crippled. | NOT YET LISTED |
| Hub subscription (this site) | The deepening: hosted runs, the published methodology behind them, and the content-hashed artifacts that let a stranger re-derive the result. This is the tier the figure on this page prices. | NOT YET PRICED |
The hub tier is priced at or below its marketplace equivalent. That is a standing rule the pricing table is rendered against, not an offer: a marketplace platform takes a percentage of every sale it processes, and that saving goes to the hub subscriber rather than to Hadal, so a platform fee can never invert your margin. No marketplace SKU has been listed yet, so the cell above reads NOT YET LISTED and the rule stands as a commitment rather than a comparison you can run today.
Scaling and terms
Not directed. There is no rate for a band to be taken off and no term to commit to, because the instrument is not built — every measurement described on this page is written in the future tense for the same reason. The gap stays visible rather than being filled with a placeholder, a rate card borrowed from a neighbouring instrument, or an invitation to ask privately.
Commercial routes
No commercial route is directed for this instrument.
Licensing — seat bands, group licences and multi-year terms in full
Trial mechanics
The trial runs on the hub tier — thirty days, a full natural proof cycle, disclosed in plain words before you start it and cancellable in one step; none of it is live yet. Trial mechanics in full, by delivery class.
Read before you commit
The documentation is published ahead of the product on purpose — intended behaviour is only a commitment if it exists first. Start with installation and first run, then the limits: the conditions under which this instrument refuses to produce a number are the part worth reading before you pay. The full centre is at /docs/, and the support model states what a ticket does and does not cover.
Questions and answers
Answered from what this instrument publishes about itself. Nothing below is attributed to a customer, because there are none yet.
Will it name who is ahead of my clock?
No. Measured latency disadvantage has innocent explanations — routing, session load, your own infrastructure — and the instrument enumerates them beside every finding. It establishes that you are structurally slow, and where it costs you.
How is structural disadvantage separated from ordinary slippage?
Random slippage is symmetric; structural disadvantage is not. Quote-to-fill drift is kept as a signed distribution with its sample size attached rather than collapsed into an anecdote.
Why is this instrument written in the future tense?
Because it is not built yet. The measurements on this page describe what it will compute, and the page says “will” rather than borrowing the present tense the rest of the catalogue uses. To be plain about the wider state: nothing in the catalogue has shipped to a customer, and the ship gate holds every instrument to doing what its page says before it is sold.
Why is there no anticipated price on this page?
Because I have not directed one for it. Every other instrument here shows an anticipated indication I have set; this one shows nothing, because an undirected figure renders as absent rather than as a number. Nothing on this site is on sale in any case.
Change log
Latency Arb Tracker has not shipped, so there is nothing to record. When it does, every version lands here — dated, append-only, written by a person, and including the changes that removed a capability rather than added one.
Where this sits
Latency Arb Tracker is one of the instruments in the Desk Discipline suite. How that suite measures — the per-instrument battery, and the receipts each measurement will carry — is set out in the Desk Discipline methodology, part of the site-wide measurement methodology.
Also in the Desk Discipline suite
Latency Arb Tracker shares the Desk Discipline suite with two other instruments.
- P3Prop-Evaluee Risk GuardianDrawdown-halt monitoring, sizing grids, risk-of-ruin surfaces, correlation-adjusted heat.
- P8Stress HarnessWhat would 2015-01-15 do to your book today?
Research behind this instrument
Latency Arb Tracker draws on one research note on this site.
- What is slippage really costing me?Asked as: "what is slippage really costing me"