Definition

Decorated Trades provides a comprehensive view of option trades by including detailed data such as pre-trade and post-trade Best Bid and Offer (BBO) information. This endpoint enables users to analyze the traded prices, sizes, and implied volatilities, as well as compare these with the best bid and best ask prices and sizes. It also incorporates underlying futures prices, cash/spot market prices at the time of the trade, and the pre and post-trade open interest along with its impact. This enriched data set allows Amberdata to develop 30 proprietary heuristics to evaluate each trade from the taker's perspective, assuming dealers are passive counterparties.

In contrast, Undecorated Trades consist of raw times and sales data that are not integrated with Level 1 quote data due to the unavailability of such data at the time of the trade.

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Details

Data fields include

• Exchange Information
• Timestamps
• Trade Id
• Instrument Details
• Trade Characteristics
• 24-Hour Metrics
• Pre-Trade BBO Data
• Post-Trade BBO Data
• Option Greeks
• Open Interest
• Directional Indicators

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Availability

/Decorated Trades

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Frequently Asked Questions

**Q: How do Decorated Trades differ from Undecorated Trades?

**A: Decorated Trades include enriched data with pre-trade and post-trade BBOs, traded prices, sizes, implied volatilities, and additional metrics such as underlying futures prices and open interest impacts. Undecorated Trades provides raw times and sales data without this integrated quote data.