LP Spread review
The Spread Histogram analysis tool allows you to see what spreads your LPs were publishing at any given moment or period of time, this allows you to see if you are being given the spreads agreed. You can also check the spreads on your external trades filled by your LPs.
The spread histogram loads LP spreads for the period looked at and plots how long each LP spent at each spread. The below example shows a 1 minute period where HOTSPOT published a 0.6pip spread for 26.7s.
This analysis is useful for understanding who is consistently your tightest/widest LP which can inform decisions when constructing your own rate or hedging.
Target your worst LPs for hedging and execution, use others for protection during market events.