Yield Profiles - Hedging Spreads

In Echo, we can see how much spread the hedger paid for any individual or group of trades from the yield profiles screen. Filtering by party (hybrid or arb hedger) and loading external yield profiles will display a yield profile for the hedger(s) selected. We can filter further, to view hedging performance by instrument, fills/cancels etc.

A very useful feature is to group by market, to show us how much and what type of flow was sent to each LP

Hedging yield profiles, like client yield profiles, are from the House's perspective - i.e. the inception yield will be negative, as we're paying spread. We can change the yield profile units to view spread paid in either $ (PnL) or $/M (yield).

From the yield profile, we can hover over the graph at 0 seconds to show the inception PnL/yield - i.e. the spread paid. We can see the same value in the table below the yield profile, under 'Spread PnL'/'Spread Yield'.