Research

How a trade
is priced

Research notes on pricing, market structure and the cost of a trade. Illustrative — not IUX execution or client-performance reporting.

Important: these notes are educational. Figures, benchmarks and system examples are illustrative and do not represent IUX production performance, execution quality or client outcomes.

Research · Jul 2026

Execution quality report: measuring the milliseconds

How execution quality should be measured: an illustrative six-month dataset of 4.1M orders shows why medians, percentiles and news-window behavior — not averages — tell the real story.

Read the report → · 8 min

Research index

Posts: 4

Data

Jun 2026

The true cost of trading gold: a 90-day spread study

An illustrative 90-day XAUUSD spread dataset, sampled once per second, shows how the cost surface moves by session — including the hours where spread costs can triple.

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Research

May 2026

Why most retail stops are in the same place (and what that costs)

An illustrative dataset of 1.2M stop-loss placements shows the pattern: 61% cluster within 5 pips of round numbers and recent swing points — visible, crowded, and cheap to run.

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Infrastructure

Apr 2026

Inside a modern pricing stack: from raw feed to your chart in milliseconds

How a modern trading venue aggregates liquidity, cleans ticks and fans quotes out to thousands of concurrent sessions — the architecture behind the price you see.

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How to read these notes

Illustrative examples

Numbers and scenarios show how trading mechanics can work; they are not claims about IUX production systems.

Focus on the method

Use the examples to understand concepts such as spreads, latency, volatility and order handling before trading.

Conditions change

Market conditions, instruments and account terms can change trading costs and execution outcomes.

New to the concepts?

The Learn section covers the EMA, RSI, levels and risk from first principles.

Go to Learn →