Welcome to Quote
Explore professional trading execution.
Introduction to Quote
Quote is a permissionless trading desk built on top of Hyperliquid. Traders' orders are routed through the Quote Execution Engine before being submitted to the orderbook, with optimization of the parents' orders happening down to the child order level, guaranteeing privacy for standing orders.
The problem
Quote aims to solve several problems for traders in the perpetuals market, including:
Orderbook MEV The on-chain market is currently a market makers' world, where HFT firms use tradfi latency and toxic-flow strategies that retail traders cannot compete with
High invisible costs Traders on Perp Dexes often pay an invisible 2-4x fee markup on every order due to suboptimal execution, often due to spread crossing strategies and adverse selection
Adverse selection Trades face adverse selection, meaning the market price moves against the trader immediately after their fill because the counterparty, often a professional MM, had better information
Slippage inefficiency Roughly 30% of orders on Hyperliquid are Market orders, which eat the slippage entirely and pay taker fees
Lack of professional services for pro-retail Less sophisticated whales and traders with multiple-figure portfolios often lack access to the disciplined, institutional-grade execution tools required to minimize their market impact
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