Measure

For any series on a covered venue, a report under published rules: calibration and skill by horizon, including hours before close for daily contracts; the size of divergences from the independent fair value and how long they take to converge; book depth and spread across the trading day; price and depth behavior in the windows around scheduled releases; calibration by volume tier; and resolution cleanliness, including dispute, void and late-resolution rates. Each report states its observation counts and intervals. A monthly refresh under the same rules makes the numbers comparable month to month.

New-listing review: the same measurements at 30, 60 and 90 days after a series or product lists.

Market makers deciding where to quote. Venues and issuers that want a third-party report card on a new listing. Desks that use a series as an input and need to know how it behaves under the conditions they trade in.

One report per series, with the methodology for the family published first. A monthly refresh. Each report carries its proof links into the record. Delivered as a page, a PDF and a data file. Raw venue prices are delivered only under the client's own venue entitlement; all Scopes-computed measures are delivered outright.

A pilot is a fixed fee for a set of series. The monthly refresh is an administration fee. Families are licensed non-exclusively; the client's parameters are the client's.

We report how a series behaved. Whether to make a market in it is your decision.