Research Lab
Controlled experiments on market mechanics. Every instrument here is a simulation built for teaching — none of it is live exchange data.
Experiment 1 · Price formation in a limit order book
Hypothesis to test: price impact depends on order size relative to depth, not on absolute size.
Execution log
Send a market order to see how it walks the book.
Experiment 2 · Volatility and distributions
Question: how often should extreme days happen — and how often do they when returns have fat tails?
Volatility input: 20% annualised
Realised vol
20.4%
Moves > 3σ
1
End price
114.63
Under a normal distribution a 3σ day is expected roughly 0–1 times a year. Turn on jumps and compare — real markets show far more extreme days than the normal model predicts.
Educational disclaimer. Trader Mission is educational content only. Nothing here is investment advice, a recommendation or a promise of returns. All market data in exercises and the Research Lab is simulated. Completing missions is not an accredited qualification.