Our Thesis
The core idea
Quote addresses the structural inefficiencies of the perpetuals market by introducing a permissionless trading desk. Our platform puts institutional-grade algorithms and trading execution strategies at anyone's fingertips, leveraging liquidity from Hyperliquid.
The core of our solution is the Quote Execution Engine, a high-performance engine that optimizes how traders' orders interact with the underlying market:
Executions are continuously optimized with real-time market data from the Quote Data Engine, to capture the best possible prices, inclusive of exchange fees
Instead of sending a naive order to the book, the QEE breaks parent trades into multiple optimized child orders
Orders are routed through Hyperliquid via Builder Codes, maintaining a non-custodial environment that enables us to deliver professional execution while traders retain control of their assets
By using Quote, we expand an institutional service to on-chain traders, internalizing part of the value leakage from Market Makers, Sophisticated Traders and Exchanges.
Technical overview
The Beta version of Quote was developed from first principles.
The QEE leverages battle-tested algorithmic logic and a HyperCore specialized Data Engine to execute trades. The Quote Data Engine was tailor-built to leverage the rich HyperCore data streams.
Once an order is submitted through the Quote UI or via the Traders API, trader order data is routed through the Quote Execution Engine, which uses recorded market data to optimize the parent order by breaking it into child orders and submitting them to Hyperliquid via Builder Codes.
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