RESEARCH AND INSIGHTS

The written work splits two ways.

Research is the long-form reports. Battle of the Overnight ATS Titans runs the full comparison across the three venues and two stress tests of access. The quarterly ATS rankings are built off FINRA data we hold ourselves, fifteen million rows of it, not off a summary somebody else published.

Insights is the running analysis, and there are more than fifty pieces in it now. The fee and tick work. Exchanges buying dark pools. One share, four prices. What an execution actually costs. The structural divergence between venues. And the SITREP, a Sunday situation report on what moved in market structure that week.

Institutional Recon is the bibliography. Every primary source we work from, linked directly: SEC filings, FINRA transparency data, the venues themselves, the research houses. If you would rather check our work than take it, start there.