◆CatalystDesk
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Market Structure • Execution • Trading Technology

Quantitative intelligence for trading systems.

Market microstructure research for people and systems. Explore our research today. Versioned quantitative outputs and Agent APIs are in development.

Live workspace: Desk Alpha – Personal, $99 / month, taxes extra.

◆CatalystDeskPublic events
FREE · TEN MINUTES DELAYED

Public cross-market tape

— events

    The public tape is empty right now. Realtime readings are on the Live Watchlist in Desk Alpha – Personal.

    Loading public events…

    The tape shows published events in the current window. Explore the Premarket Brief and Event Radar to continue your research.

    Explore the research →
    From the actual public tape · US Eastern (ET)Understand the events →
    • Free research e-mails · No card · Double opt-in
    • Choose English, Spanish, Portuguese or Chinese for the factual email brief. Full research originals remain in English/Chinese and are labelled.
    • US Eastern time (ET) · Decision support, never a trade instruction.
    Live Watchlist serviceChecking

    The platform direction

    From market observations to structured research.

    Clean inputs. Quantified context. Explicit limits. We are building a research interface that applications can inspect, with execution kept as a separate, permissioned layer.

    1. 01

      Research available today

      Research & quantitative context

      Market observations are organized into research context. Inspect catalysts, data times and availability through the existing briefings and workspace.

      Explore the research
    2. 02

      In development · No public checkout

      Structured results & Agent API

      Versioned model results for applications: observation times, availability and evidence alongside each output. Usage credits are planned for measured API consumption; they are not available to buy.

      Discuss API requirements
    3. 03

      Separate layer · In development

      Execution connectors

      Research output is not an order. Connectors require separate authorization, risk controls and applicable permissions. No execution service or broker partnership is offered here.

      Discuss system requirements

    Proposed interface

    Readable by people. Inspectable by systems.

    • Versioned meaning
    • Observation time & validity
    • Evidence, not a trade instruction

    Synthetic schema excerpt · Not a live API response

    {
      "schema_version": "catalystdesk.quant-result/v1",
      "model_id": "market_state",
      "model_revision": "example-v1",
      "result_kind": "market_context",
      "result": {
        "availability": "unavailable",
        "data_asof": null,
        "valid_until": null
      },
      "evidence": {
        "validation_status": "descriptive_unvalidated"
      },
      "entry_condition": "not_evaluated",
      "executable": false
    }

    The example is unavailable and not evaluated. It carries no price, model performance or permission to trade. Fields illustrate the proposed contract; the API is not publicly available.

    Planned API credits pay for service usage only. They are non-transferable, have no cash value and do not grant execution rights or data redistribution rights. Terms and availability will be published separately.

    Research you can use today

    Read the research. Inspect the context.

    Briefings, the public tape and the personal workspace are current ways to inspect our research. Each has its own timing and access terms. API delivery is a separate product in development.

    1. 01Free research

      Premarket Brief

      Prepare for the open with gap names, catalysts and risks.

      Schedule & delivery

      08:45–09:10 ET · Every trading day · Free e-mail

    2. 02Free research

      Event Radar

      Follow new qualifying events with catalyst labels, a research thesis and focus-name analysis.

      Schedule & delivery

      Premarket through after-hours · Free e-mail · Event-driven

    3. 03Paid workspace

      Live Watchlist

      Keep equity and cross-market readings on one row. Open a symbol to continue your research.

      Schedule & delivery

      About once per second during the session · Desk Alpha – Personal

    4. 04Free research

      Cross-Market Tape

      Explore event labels, observation times and public spread readings.

      Schedule & delivery

      Across markets · Free on this site · Ten minutes delayed

    One event. Three market perspectives.Equity ↔ Synthetic perp ↔ Outcome market

    Beyond the listed tape

    One name. Different markets. More context.

    Compare the listed share reference, on-chain synthetic perpetual and outcome market in one research view, with session and liquidity context. The public tape is free and ten minutes delayed; realtime readings are in the Desk Alpha – Personal workspace. These are research observations, never trade instructions.

    The listed share

    The US-listed share: its premarket, regular and after-hours prints, and the last extended-hours print while the tape is dark.

    The on-chain synthetic perp

    A permissionlessly deployed synthetic perpetual that trades around the clock: mark, oracle, funding and book depth. It is not a share and carries no shareholder right.

    The outcome (prediction) market

    Binary markets tied to price levels. Prices reflect expectations under the contract's terms and are affected by liquidity and expiry rules.

    How to read cross-market differences

    How wide the gap is

    Compare the perp with the share reference, with funding, trading-cost and liquidity context. An unavailable reading stays blank. (Workspace column: BDA.)

    Which moved first

    Observe how the on-chain oracle and order book respond after a move in the share. (Shorthand OLE; tape label ORACLE.)

    The price expectations implied by outcomes

    Estimate an implied price from eligible outcome markets and compare it with the close reference. It does not establish where the market will open; thin or wide books leave the cell blank. (Workspace column: Implied Gap; shorthand PIG.)

    While New York is closed

    Synthetic perpetuals may trade while the listed share is closed. Read them alongside the reference timestamp, book liquidity and whether the share can trade. The reference updates when premarket trading returns. This is labelled Off-Market Synthetic in the workspace. All times are US Eastern (ET).

    • After the close
    • Overnight
    • Weekend
    • Holiday
    • Premarket handoff
    • ARBThe gap clears cost, is unusually wide for its session, the book is deep enough, and the share is trading right now.
    • DISLOCThe same gap while the share is not trading: there is no share leg to hedge with, so it is not an arbitrage, and the label says so.
    • ORACLEThe share has moved and the perp's oracle and book have not caught up yet.
    • WATCHUnusually wide, but still inside cost.

    Back to the public tape ↑

    This page offers no redirect and places no order; it names no venue, deployer or oracle and is the agent or affiliate of none. On-chain derivatives are restricted in some jurisdictions; whether you may use them is yours to determine.

    Desk Alpha – Personal · Live workspace

    Keep the names and the context together.

    Connect catalysts, price and trading activity. Symbol details and visible data states keep your session research grounded.

    ◆ CATALYSTDESK / DESK ALPHAFEATURE EXPLORER

    LIVE WATCHLIST

    One row. The wider context.

    Open a category to explore the workspace fields. This is a feature view, without market data.

    /JKWorkspace keyboard navigation
    01Event context+

    Start your research with the catalyst.

    • Catalyst Grade
    • Heat
    02Price & activity+

    Read price alongside trading activity.

    • Last
    • Volume Rate
    • VWAP
    03Across markets+

    Compare perspectives across markets.

    • Synth Premium
    • Implied Gap
    04Data freshness+

    Check the status of the row first.

    • Data status
    All fields and data notes

    A feature guide, not live data. The actual list comes from rules and catalyst classification, not anyone's positions; delayed or stale data is labelled per row. Updates about once per second in session; sign in by e-mail code.

    • Synth Trigger
    • Synth Premium
    • BDA
    • Implied Gap
    • Catalyst Grade
    • Funding APR
    • Synth Liquidity
    • Perp
    • Data status
    • Volume Rate
    • % Gap
    • Last
    • % Vol Change
    • Volume
    • VWAP
    • EMA fast / slow
    • TSMA
    • Px-VWAP
    • Heat
    • Imbalance % Vol
    • Net Imbalance
    • Vol Regime
    • Idio Gap
    • Reversion
    • Trend
    • Tape
    • T15 Ride
    • Playbook
    • Gap Lean
    • RVOL PM
    • FT%
    • Close Watch

    Keyboard-first: / search · J K rows · Space opens the attribution drawer · Enter copies the on-chain contract id | per-symbol detail panel · bilingual column labels · sign-in by e-mail code · sessions are per account

    Columns marked ✱ populate in auction windows only.

    Pro Lite is not open yet. Free research and Desk Alpha – Personal are available today.

    Choose your workflow

    Start with free research. Add the live workspace.

    Free includes both research e-mails and the public tape, ten minutes delayed. Desk Alpha – Personal adds the Live Watchlist and cross-market columns for $99 / month, taxes extra; cancel any time, access to the end of the paid period. Pro Lite is not open yet; register for an update.

    Free

    $0 · No card required

    • Premarket Brief: every trading day, 08:45–09:10 ET.
    • Event Radar: from premarket through after-hours, only when something new qualifies.
    • Both e-mails in full, with catalyst context, timestamps and an as-of clock.
    • The public cross-market tape on this site, ten minutes delayed.
    • Double opt-in, no card required, and one-click unsubscribe in every e-mail.

    Desk Alpha – Personal

    Online subscription

    $99 / month, taxes extra

    • Everything in Free, plus:
    • Live Watchlist: updates about once per second during the session, with delayed or stale data labelled per row.
    • Listed-equity and all cross-market columns on the same row, including licensed market data and public synthetic perpetual and outcome-market reference prices.
    • Ranked symbols, detailed views, bilingual labels and keyboard navigation; sign in by e-mail code.
    • Personal use, billed monthly; cancel any time, access to the end of the paid period. API access is in development and not included.
    • Billed through the payment provider with Link as the seller of record; the payment provider does not accept purchases from some regions, including mainland China.

    Cancelling: for Free, use the unsubscribe link in any e-mail, effective immediately. Desk Alpha – Personal renews monthly until you cancel: cancel any time from your Link account or the desk's billing page, and access continues to the end of the paid period; refund requests go to Link support or hello@catalystdesk.ai and follow the payment provider's process. Once the on-chain view (Pro Lite) opens it will be driven by an on-chain approval you can revoke in your own wallet at any time, after which the address loses the on-chain view at its next check; the channel fee is charged by the venue on your own fills — we never charge your card for it — so there is no payment to us to refund. Prices are in USD; taxes extra where applicable.

    Not open yet: Pro Lite

    Pro Lite

    No fiat fee · wallet unlock

    • Everything in Free, plus:
    • A read-only on-chain view: the realtime cross-market tape and the on-chain columns of the Live Watchlist (synth trigger, synth premium, the perp-vs-share gap, implied gap, funding, liquidity) with the attribution drawer. This view carries no listed-equity quote field.
    • Not open yet. Once it opens, your own self-custodied wallet unlocks a read-only on-chain view (no listed-equity quote fields), with no fiat fee; not offered in restricted jurisdictions. Register by e-mail meanwhile.
    • The channel opens by jurisdiction and is not offered in restricted ones; whether you use on-chain derivatives is yours to determine.
    • Keyboard-first operation and bilingual labels.

    How unlocking will work once it opens

    1. 01On the Live Watchlist page click “Connect Wallet to Unlock” and connect your own wallet (MetaMask / Rabby …). We read only your public address and never touch a private key.
    2. 02In your wallet, sign a plain-text message to prove the address is yours (no transfer, no order) and make the one-time approval of the desk's on-chain builder fee. Both happen in your wallet and go straight to the decentralised exchange.
    3. 03Once the desk reads the public on-chain approval and confirms it, the address unlocks the realtime on-chain view immediately, with a per-address session. Only trades routed through the channel then incur the tiny fee; no trades, no fee.
    Product notes, methodology and boundaries

    Delivery & method

    Know the context. Know the timestamp.

    A rule layer selects, ranks and classifies names; the deep read explains the focus names in plain language. Every delivery carries a timestamp, and the workspace labels delayed or stale data per row. Delivery times below are US Eastern (ET).

    Time-stamped information

    Consolidated U.S. equities and options data provides the research context. Pages and e-mails carry an as-of clock; the workspace labels freshness in its Data status column.

    From evidence to interpretation

    The rule layer selects, ranks and classifies names. An AI model uses that evidence to write a directional lean, scenario odds and the price level at which the read no longer holds for each focus name. It cannot add a ticker. This is a view, not a trade instruction; a model outage is labelled as the core rule-layer reading.

    • Every delivery is time-stamped, with data status explained in the product.
    • Research and decision support, never a trade instruction.
    • All times on this site are US Eastern (ET).
    Delivery schedule and service states
    SurfaceForm · cadence · session
    Premarket BriefE-mail · once every trading day · delivered 08:45–09:10 ET, before the 09:30 ET open
    Event RadarE-mail · from premarket through after-hours · from a minute-cadence scan, issued only when something new qualifies, so the number of issues varies with the day
    Live WatchlistWeb page · updates about once per second during the session · imbalance columns populate in auction windows only
    Subscription mechanicsDouble opt-in · one-click unsubscribe in every e-mail · sent from alerts@catalystdesk.ai (worth adding to your contacts)
    The three states of the service strip
    • OKThe Live Watchlist service is reachable right now. An account is still required to open the page.
    • Not OKThe service explicitly reports that it is unavailable. If it persists, write to alerts@catalystdesk.ai.
    • UnconfirmedThis page cannot get a definite answer right now — before the first result returns, on a timeout, or when the local network blocks the check. It is not a verdict of failure.
    • One question onlyThis strip shows service reachability only. It says nothing about the freshness of any individual symbol — delayed or stale data is labelled on the page itself, in the Data status column.
    Go deeper: how the information connects

    Connected context

    One symbol, its context in view.

    The briefings, workspace and public tape connect the same questions: what to watch, when it happened, what changed, and how the market is responding.

    • SymbolA US-listed equity together with its on-chain synthetic perpetual and its outcome markets — three prices of one object. Carries last, gap, relative volume, its relationship to VWAP, and the on-chain premium.
    • SessionPremarket, opening, regular, closing — and the hours the share is not trading while its on-chain synthetic perp is (labelled Off-Market Synthetic on the Live Watchlist). The same name is read differently in each.
    • CatalystThe event that makes this name different today: a regulatory filing, a headline, a price jump. Carries a class, a grade and a provenance, and a plain-language read.
    • Market readingAn observable read derived from the three above: setups, basis dislocation, implied gap. It is a reading, never a trade instruction.
    • Symbol —carries→ Catalyst
    • Symbol —in→ Session —shows→ Signal
    • Symbol —moves with→ Sympathy peers
    • Catalyst —resembles→ Past sessions
    • Symbol —maps to→ Synthetic perp —implies→ Opening gap
    Premarket BriefEvent RadarLive Watchlist
    Symbolan entry in the float-tiered gap screena ranked candidatea row, plus a per-symbol detail panel
    Sessionthe pre-open snapshot of the sessiona session-phase-aware setup taxonomythe session label, and imbalance columns that populate in auction windows only
    Catalystreference facts for names with overnight catalyststhe catalyst-class chip and a plain-language deep read of the focus namesthe context in which this row is being watched today
    Signalreference facts such as gap-fill tendenciesthe setup taxonomy and the conviction matrixcolumns such as Trend, Reversion, T15 Ride, Gap Lean and Playbook
    Inside a briefing

    Free research e-mails

    What to watch, and the story behind it.

    Prepare for the open with the Premarket Brief, then follow Event Radar from premarket through after-hours. An issue goes out only when something new qualifies, with a scan funnel, an A or B bucket for each name, and catalyst context. The layout below is a schematic, not a real issue or live market data.

    1. 01 Scan funnel and ranked candidatesEach issue opens with its own scan funnel; then the candidates, ranked by the desk's read, each in an A or B bucket with a one-sentence thesis, each as its own block.
    2. 02 Catalyst-class chipOne chip that says why this name is different today.
    3. 03 Session-phase-aware setup taxonomyPremarket, opening, regular and closing each carry their own taxonomy; they are not interchangeable.
    4. 04 Gap and range contextWhere the name sits today, read against its own range.
    5. 05 Relative-volume contextToday's participation, relative to this name's own normal.
    6. 06 Intraday sparklineA small line that carries the shape. It does not replace a charting tool.
    7. 07 Conviction matrixDimensions shown side by side, deliberately not collapsed into a single score.
    8. 08 Options contextImplied move, put/call posture, unusual activity, gamma clusters.
    9. 09 Sympathy peersNames that may move alongside the same catalyst.
    10. 10 Historical analoguesComparable situations from past sessions, offered for comparison, not for extrapolation.
    11. 11 Macro tape and sector heatmapThe environment the rest of the issue sits inside.
    12. 12 What changed, and the deep readStart with changes since the previous issue, then read the focus names. The AI model writes a directional lean, scenario odds and the price level at which the read no longer holds from rule-layer evidence; it cannot add a ticker. These are views, not trade instructions. A model outage is labelled as the core rule-layer reading. Every issue has an as-of clock and one-click unsubscribe.
    • Premarket Brief · when it arrivesOne e-mail every trading day, delivered 08:45–09:10 ET — before the 09:30 ET open. $0, no card.
    • Premarket Brief · what is insideA gap list tiered by float (the S&P 500 plus the day's gap names); the catalysts and risks behind the moves; a watch queue for the open; and the market-wide regime context.
    • Premarket Brief · scopeThe brief provides research context for the overnight setup, not a trade instruction. Event Radar follows new qualifying names from premarket through after-hours.
    CatalystDesk brand network illustration

    Built on trading-desk experience

    Market structure, execution and trading technology belong in the same conversation. We bring that perspective to research tools today, and to the structured research services we are developing.

    A clear research remit

    Research for context. Decisions you own.

    Built for active U.S. equity traders who make their own decisions. Research scope, data status and service boundaries are stated clearly.

    For

    • Active US-equity intraday traders who make their own calls and want the day's structure organised.
    • Choose English, Spanish, Portuguese or Chinese for the factual email brief. Full research originals remain in English/Chinese and are labelled.

    What it does not do

    • No trade instructionsNothing on any surface tells you to buy, sell or hold.
    • No executionNo account connection, no order placement, no money management, and no personalised investment advice.
    • Three red linesWe touch no private key, hold no funds and match no orders. Any on-chain action is signed in your own wallet and goes straight to the protocol; we are never in between.
    • No internal parametersNo threshold, parameter, window length, weight or formula is published.
    • No performance figuresNo performance, win-rate, return or user-count figure, and no testimonials.

    Nothing on any surface is a trade instruction; it is decision support for a person. Choose the plan that fits how you research.

    FAQ

    What do I get, and how often?

    Free covers two e-mail products. The Premarket Brief: one e-mail every trading day, delivered 08:45–09:10 ET, before the 09:30 ET open. Event Radar: from premarket through after-hours, an issue goes out only when something new qualifies, and there is no fixed quota. Desk Alpha – Personal ($99 / month, taxes extra) adds the Live Watchlist web page, which updates about once per second during the session.

    How do I get the Live Watchlist?

    Subscribe to Desk Alpha – Personal: sign in and subscribe on the billing page — $99 / month, taxes extra; cancel any time, access to the end of the paid period — then sign in to the Live Watchlist with the same e-mail address by e-mail code. The wallet path to the on-chain view alone (Pro Lite) is not open yet; you can register by e-mail meanwhile, and once it opens your own self-custodied wallet unlocks a read-only on-chain view with no fiat fee.

    What do the plans cost?

    Free is $0. Desk Alpha – Personal is $99 / month, taxes extra, billed monthly through the payment provider with Link as the seller of record; cancel any time, access to the end of the paid period; it is for personal use. The on-chain view (Pro Lite) is not open yet; once it opens it unlocks with a wallet and carries no fiat fee — we never charge your card for it. Prices are in USD.

    How do I cancel, and are there refunds?

    Free: click the unsubscribe link in any e-mail, effective immediately. Desk Alpha – Personal: cancel any time from your Link account or the desk's billing page; access continues to the end of the paid period. Refund requests go to Link support or hello@catalystdesk.ai and follow the payment provider's process. The on-chain view (Pro Lite) is not open yet; once it opens, revoking the approval in your own wallet ends it, and since we never charge your card there is no payment to us to refund.

    Is Free just a cut-down version of the paid plan?

    No. Free is two complete e-mail products — nothing is downgraded and no second-class data is substituted. The difference is the form of delivery: Free gets the e-mails, Desk Alpha – Personal adds the Live Watchlist.

    How are readings made while New York is closed?

    The listed share stops trading while its on-chain synthetic perpetual keeps going — after the close, overnight, at weekends and on holidays, until the premarket tape returns. In that time the share's reference price is an anchor whose confidence fades, and every reading labels which anchor it used and how confident it is; a thin book raises the bar for a trigger and an empty book produces none. All times are US Eastern (ET).

    What is your relationship with on-chain venues, deployers or outcome markets?

    None. We index public data. We are not the agent, affiliate or partner of any venue, deployer, oracle or market, and none endorses us; we operate, list, deploy and settle no market. We touch no private key, hold no funds and match no orders. If you choose the optional on-chain channel, orders are signed in your own wallet and go straight to the protocol; the protocol may then pay us a channel fee you approve yourself and a referral share — shown before you sign, and set out under the compensation disclosure in the Disclaimer.

    How does Trade to Unlock work?

    (The channel is not open yet — this is how it will work once it is; you can register by e-mail meanwhile.) It is one on-chain approval — not a subscription and not a volume hurdle. In your own wallet you sign a plain-text message proving the address is yours (no transfer, no order) and approve a small builder fee for the desk's on-chain channel; once the desk reads that approval from the public on-chain record, the address unlocks the realtime on-chain view. The venue charges the fee, at the rate you approved, only on orders you actually fill through the channel — if you never trade you pay nothing, and we never charge a card. The desk re-confirms the approval periodically; you can revoke it in your wallet at any time, and the address then loses the on-chain view at its next check. The channel opens by jurisdiction and is not offered in restricted ones.

    I run a community. How do I carry the tape into my own group?

    Not today. The messenger bot is not available and no date has been announced; the delayed tape is published on this site only. If you want to hear when that changes, write to alerts@catalystdesk.ai.

    I am in the United States or another restricted jurisdiction. What can I use?

    The e-mails and the delayed cross-market tape are a publication and a data display, and you may subscribe to them free of charge as usual. The Live Watchlist is part of Desk Alpha – Personal, which you subscribe to online after signing in and which is billed through the payment provider; the provider does not accept purchases from some regions, including mainland China, so the plan cannot currently be bought from them. The optional on-chain channel is not offered to persons in the United States, mainland China or any other jurisdiction that restricts such products, so Trade to Unlock does not apply either; we do not help anyone circumvent a venue's, a regulator's or the payment provider's restrictions.

    Is this investment advice?

    No. Everything on all three surfaces is human decision support — market information and analysis. We issue no trade instruction, we do not connect to brokerage accounts, we place no orders, and we do not assess anyone's circumstances or give personalised advice. Every decision, order and outcome remains the user's own.

    Where does the data come from, and why don't you name the sources?

    Consolidated real-time US equities and options market data from institutional-grade feeds, updated continuously through the session. We do not name any market-data feed, news source, broker or model provider — that is how we treat supplier relationships generally, and it says nothing about data quality. The way to judge the data is to look at the page: every surface is time-stamped and carries an 'as of' clock, and on the Live Watchlist the Data status column labels delayed or stale data.

    Why aren't thresholds, parameters or formulas published?

    The catalyst ontology and the regime models are our own work, and publishing their arithmetic would degrade it. We state this as explicit policy rather than leaving it vague: the marketing pages carry names and artefacts only — catalyst classes, setup taxonomies, column names. No formula, threshold, window length or weight appears on them. What each column means is explained inside the product after sign-in.

    What happens when data is delayed or interrupted?

    The Live Watchlist labels affected rows as delayed or stale — that is what the Data status column is for — and the content of an e-mail carries its own time-stamps, so you can always tell when a reading was taken. The service-status strip on this page answers one question only: whether the Live Watchlist service is reachable right now — reachable, explicitly unavailable, or unconfirmed from here. It says nothing about the freshness of any individual symbol.

    I'm not in the US Eastern zone — and will the e-mails land in spam?

    Every time on this site and in the products is US Eastern (ET) and is written with the ET suffix, so it converts cleanly. We send from alerts@catalystdesk.ai; adding it to your contacts helps. Subscription is double opt-in: you first receive a confirmation e-mail and the subscription starts only when you click the link inside it — a step that also helps later deliverability.

    Is it bilingual, do I need to install anything, and can a team share one account?

    This site and the factual email brief support English, Spanish, Portuguese and Chinese. Full research originals remain in English/Chinese and are labelled. The Live Watchlist remains bilingual in English and Simplified Chinese. It runs in the browser, with nothing to install. Each Desk Alpha – Personal account is for its subscriber only and may not be shared. Team and API access are in development; contact hello@catalystdesk.ai to discuss requirements.

    Will you publish performance or win rates?

    No. The product issues no trade instructions, so there are no outcomes to attribute to it; any win-rate or return figure would contradict that. What we can offer instead are verifiable facts — delivery cadence, time-stamping and status labelling — all stated on this page so you can check them yourself.

    Get the free briefings