Pre-trade HFT route certification

Certify a child order before it hits the matching engine. Execute only if status is APPROVED. HTTP 422 if REFUSED. Solver SLA < 500µs. Aliases: /v1/hft/verify-route.

post/v1/finsec/hft/verify-route

Request

  • Base URL: https://financesec.api.caleralabs.com
  • URL: https://financesec.api.caleralabs.com/v1/finsec/hft/verify-route
  • Auth: API key in header X-License-Key

Request body

desk_idstring required
instrumentstring required
order_typestring required
order_size_sharesinteger required
target_venuesstring[] required
max_slippage_tolerance_bpsnumber required

Example request

{
  "desk_id": "quant_execution_desk_04",
  "instrument": "NVDA",
  "order_type": "TWAP_CHILD_SWEEP",
  "order_size_shares": 15000,
  "target_venues": [
    "NASDAQ",
    "BATS",
    "ARCA",
    "IEX"
  ],
  "max_slippage_tolerance_bps": 1.2
}

Response

Route certification stability verdict with recommended split

statusstring
routing_stabilitystring
latency_microsecondsinteger
projected_slippage_bpsnumber

Example response

{
  "status": "APPROVED",
  "routing_stability": "OPTIMAL",
  "latency_microseconds": 348,
  "projected_slippage_bps": 0.38,
  "liquidity_manifold": {
    "betti_0_fragmentation": 1,
    "flash_crash_potential": "NEGLIGIBLE"
  },
  "recommended_split": {
    "NASDAQ": 0.45,
    "IEX": 0.3,
    "ARCA": 0.25
  }
}

Changes

No recorded changes to this operation across all 1 revision of this API.