LiquidMetrix Research

  • European Market Fragmentation
  • Exchange Outage Impacts
  • Dark Pool Guide
  • Transaction Cost analysis
Order Micro Analysis Exchange Battlemap Venue Analysis

IFS LiquidMetrix financial market data research is based upon our database of order books and trade data.

We publish regular reports in several areas of market interest including the LiquidMetrix Battlemaps covering European market fragmentation, and the LiquidMetrix Dark Pool Guide giving detailed performance metrics on the various Dark Pools.

We will investigate and report on specific market events and will undertake for customers individual research on trading performance. Many clients including Exchanges and Brokers have found the information useful in improving the performance of their trading infrastructures.

For clients who give us their trades and orders to analyse we provide daily updates, execution analysis and transaction cost analysis reports.


LiquidMetrix Research and Products utilize the following methodologies:

Battelmaps – Rules of Engagement
Execution Quality Reports
Transaction Cost Analysis Reports


The information contained within this website is provided for information purposes only. IFS will use reasonable care to ensure the accuracy of the information within this site. However, IFS will not be held liable for any errors in the information provided within this website or for accuracy or completeness of the information, or for delays, interruptions or omissions therein, any difficulties in receiving or accessing the website and/or for any loss direct or indirect (including without limitation, loss of profits or consequential loss and indirect, special or consequential damages) howsoever arising and whether or not caused by the negligence of IFS, its employees or agents. The information contained within this site may be changed by IFS at any time.

The information available within this website may include ‘Evaluations’ which are not reflections of the transaction prices at which any securities can be purchased or sold in the market but are mathematically derived approximations of estimated values. Nevertheless, reference may sometimes be made to Evaluations as pricing information, solely for convenience or reference. Evaluations are based upon certain market assumptions and evaluation methodologies reflected in proprietary algorithms and may not conform to trading prices or information available from third parties. No liability or responsibility is accepted (and all such liability is hereby excluded) for any information or ‘Evaluations’.

The copyright of this website and all its content belongs to IFS. All other intellectual property rights are reserved. Redistribution or reproduction of the information and data contained within this website is prohibited without the prior written permission by IFS. is an Intelligent Financial Systems Service: ©Copyright IFS 2009