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#genius $GENIUS One thing that's clear after spending enough time watching the execution flow through the terminal is that most traders assume execution quality is mainly about getting the best routes. However, a lot of slippage starts occurring long before the trade is actually filled. When intentions leak across various venues in a predictable order, liquidity seekers and providers can gradually piece together what's being built. The market starts reacting to positions while they're still forming. Terminal routing changes that dynamic. Different venues often only see specific fragments, frequently lacking the context needed to reconstruct a broader execution path. By the time the full position becomes visible, the chance to react to it is mostly gone. Execution quality improves when the market sees your fills, not your intentions.
#bedrock $BR One thing that becomes clear after spending enough time watching execution flows through the terminal. Most traders assume that execution quality is largely related to getting the best route. However, a lot of slippage starts happening long before the trade is actually completed. When intentions leak across various venues in a predictable order, liquidity seekers and providers can gradually piece together what is being built. The market starts reacting to positions while they’re still forming. Terminal routing alters that dynamic. Different venues often only see specific fragments, frequently lacking enough context to reconstruct the broader execution path. By the time full positions become visible, the opportunity to react to them is mostly gone. Execution quality improves when the market sees your fills, not your intentions.