Grenadier is a unique tool that identifies anomalies through in-depth analysis of Level 2 book data
Insights provided are designed to empower trade and risk management teams to take preemptive action on trades
London, March 10, 2026 – Devexperts, the global software developer for the capital markets, has announced that dxFeed’s Grenadier, a novel tool designed to empower traders, investors, and financial institutions with advanced information about market shifts and atypical order placing activities, is to be made available via the company’s flagship DXtrade platform.
Grenadier is an unsupervised, custom-built, deep learning framework, designed to analyze Level 2 order book data in real time. Developed by dxFeed, the leading market data provider for the global capital markets, Grenadier was built with user flexibility in mind, offering market insights that help users to anticipate, and react to, significant price changes or disruptions, the software is designed to significantly reduce risk and optimize trade decisions.
Key features of Grenadier include:
- Anomaly Score API: Provides real-time assessments of market anomaly scores based on Level 2 order book data.
- Reconstructed Order Book API: Delivers a complete view of the order book as inferred by anomaly-free models.
- Tailored ML Models: Allows financial institutions and quantitative analysts to customize and fine-tune the models according to their outlier preferences.
- Multi-Instrument Monitoring: Can oversee entire portfolios / watchlists at the same time for early warnings.
By processing order book snapshots with a predefined update interval, Grenadier detects market anomalies and early warning signs of potential regime changes, trade halts, or significant price movements. It then produces an anomaly score – a simple marker that can be used to determine whether an anomaly is ongoing or not.
Institutions licensing DXtrade, the turnkey multi-asset trading platform from Devexperts, will soon have the option to integrate Grenadier into their offering, allowing traders, as well as risk and compliance teams, to benefit from the state-of-the-art analysis and prediction model.
Jon Light, Senior Director of Product Management at Devexperts, says: “Grenadier is a one-of-a-kind application that can help traders and risk management teams alike preempt price changes before they happen. Having been trained on vast amounts of historical data, Grenadier’s insights are deeply informative, with nothing like it anywhere else in the market. We are pleased that we will soon be able to offer this unique and powerful tool to our DXtrade clients, providing them with access to the newest generation of market microstructural tools.”
Grenadier is tailored to the US stock market, easily extensible to other asset classes, can process thousands of requests per second, and can be deployed in a setup prioritizing low latency.
The software will complement DXtrade’s wide range of advanced trading and risk management features, all of which can be configured to support stocks, options, futures, ETFs, mutual funds, bonds, FX, CFDs, and margin and spot digital assets.
To access and demo and explore Grenadier’s capabilities, please click here: https://dxfeed.com/solutions/dxfeed-grenadier/.
ENDS
For more information, please contact:
Mariana Wall
PR Manager at Devexperts
About Devexperts
Devexperts is a software development company that has been serving the needs of capital markets since 2002. The company specializes in developing multi-asset platforms for trading equities, options, foreign exchange, commodities, and cryptocurrencies. It also offers matching engines, exchange solutions, and market data delivery services. With headquarters in Ireland, Devexperts has a development team of 800+ engineers across offices in the USA, Germany, Portugal, Bulgaria, Singapore, Turkey, and Georgia. Learn more at: https://devexperts.com.
About dxFeed:
dxFeed is a leading market data provider and calculation agent for the global capital markets, named Best Data Provider 2025 by the Fund Intelligence Operations and Services Awards. The company delivers high-quality financial data and services to brokerages, prop traders, exchanges, professional traders, and academic institutions. dxFeed is focused on enhancing AI- and IaaS-driven solutions, while reinforcing its commitment to reliable service provision, compliance and best support. Find out more at: https://dxfeed.com/.