Exegy Adds Intraday Data to Iceberg Order Detection Tool

Trading infrastructure provider Exegy has added intraday signals to its AI-powered iceberg order detection offering, Liquidity Lamp. According to a story in The Trade news, the development will offer quantitative traders visibility on the volume of iceberg orders throughout the day using summary files delivered every 10 minutes. Exegy claims that Liquidity Lamp offers a distinct perspective on US equities trading, helping filter out the ‘noise’ created by retail and high-frequency trading (HFT) activities. Summarized updates on iceberg trading activity are provided as a CSV file via a cross-connect at the NY4 data center or to a chosen AWS S3 bucket. The addition of intraday files to Liquidity Lamp allows quant traders to make data-driven decisions while iceberg trades are happening and ahead of market close, reducing time spent while also allowing traders to react in real-time to opportunistic trades.