PILOT

Start in Shadow Mode

See what Neith would have caught before changing the way your desk trades. One desk, six weeks, no execution impact.

WHY NOW

You can switch this on today
You cannot switch it on retroactively

When a review lands, the question is no longer “do you have controls” — the FCA's August 2025 review found all ten firms did. The question is whether you can evidence who owned them and how they worked, for the period in question.

That evidence only exists from the day you start recording it. A desk that starts in shadow mode this quarter has an attributed, tamper-evident record when it is asked. A desk that starts the week the letter arrives has a clean period that begins the week the letter arrived — which is not the period anyone is asking about. Every week without the record is a week that can never be evidenced.

THE ROI CASE

A wrong ticket is a P&L event
The fails and the audit burden are the rest

A wrong ticket isn’t a fee — it’s P&L, a settlement fail cleaned up by hand, and a control you now have to evidence. Put your desk’s numbers in below, or use the defaults.

● BROWSER-ONLY ESTIMATE — THESE FIGURES ARE COMPUTED IN YOUR BROWSER AND ARE NEVER SENT TO OR STORED BY NEITH.

YOUR TRADING DESK

m
%
pips
%
pips
£

Assumes 250 trading days and 50 trading weeks. A bank that complains rarely takes the commission to zero — it cuts flow instead, which is why the cut-back line carries most of the weight here. Traders lost for good are counted for the balance of the year only, not in perpetuity.

WHAT ERRORS COST YOU A YEAR

P&L on the error itselfrate and size, on your notional
Overnight driftthe ones found only at recon
Settlement failsfunding, claims, ops time
Total, this year

Neith will not catch every one of these — nothing will. But these are the errors a price collar, a notional band, a counterparty list and a settlement-date check are built to catch, and right now nothing is checking them until the following morning.

A flag caught before the ticket leaves the desk is not an incident. There is nothing to amend, nothing to reconcile and nothing to report — which is the opposite of what most people assume a control record does to their numbers. More on that in the FAQ →

Whatever that total comes to, it accrues every week the decision waits — against a shadow-mode pilot that carries no execution risk and comes off year one. Waiting is the expensive option here, not the safe one.

THE ESTIMATE IS THE PROBLEM

You just guessed at the biggest number on this page.

Every figure above except the written-off commission is a guess, and it has to be, because no broker measures counterparty flow against the errors that moved it. Your OMS knows the tickets. Your MI knows the monthly volumes. Nothing joins the trade you got wrong on 12 March to that trader's flow halving for the six weeks after it.

Neith holds both sides already. Every record carries the ticket, the counterparty, the timestamp and whether anything fired — which is the entire input to that question. The same log that evidences your controls can measure what an error did to your book:

▸Flow per counterparty, week by week, before and after each incident
▸Relationships trending down before anyone on the desk notices
▸What one specific error cost, in commission you can point at
▸Which counterparties tolerate an amend, and which quietly walk

The record holds the ticket, the counterparty and the timestamp on every trade — the raw material to measure what an error did to your flow, rather than guess at it. We scope this with pilot partners against their own data.

PRICING & PILOT

Start in shadow mode
Nothing changes until you say so

Neith is never in the execution path, so a pilot carries no execution risk and no change-control burden. If we find nothing in six weeks, you have a documented clean period with full attribution — which is worth having on its own.

Shadow-mode pilot

One desk, six weeks, no commitment. Five places this quarter.

Fixed pilot fee

Agreed up front · credited in full against year one

  • Browser extension or one REST endpoint — live inside a day
  • Thresholds configured to your desk's mandate
  • Full record from day one, exportable at any time
  • Closing report: what fired, how often, what your team did
  • Pilot fee comes off your first-year contract if you continue
  • No execution risk — advisory and read-only throughout

Production

Per desk, billed annually.

Priced per desk

Scoped after the pilot · billed annually

  • Everything in the pilot, without the end date
  • Control-effectiveness dashboard
  • Scheduled monthly compliance packs
  • REST access to the full log for your own stack
  • Private-cloud or on-premise deployment available

Institutions only. Pricing scales with desks and trade volume, not seats — we scope it against what the pilot actually surfaced on your flow.

READY TO SEE YOUR OWN RECORD?

Request access

Institutions only. We'll reach out to schedule a walkthrough and scope a shadow-mode pilot.