> For the complete documentation index, see [llms.txt](https://faq.finerymarkets.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://faq.finerymarkets.com/overview/about-our-products/fm-pulse.md).

# FM Pulse

Data-driven tool to assess spreads across major venues and FM LPs

<figure><img src="https://1906424770-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FlhEtVTUclDpcNfjGvCeB%2Fuploads%2F1hIy0FFndqHQhJbQENht%2F1*6TkBr2w_6Ho2G_0WuHYO_g.webp?alt=media&amp;token=22fd9406-71b7-451b-b590-5a4132f672da" alt=""><figcaption></figcaption></figure>

### [Finery Markets Pulse](https://pulse.finerymarkets.com/) is an easy-to-use analytical tool for the analysis of effective spreads across the leading trading venues.

### What does this tool help with?&#x20;

1. If you are not a customer of Finery Markets, you may have guest access to assess the total cost of execution for some pairs. Specify the pair, amount, and your monthly trading volume and we will compare the spreads
2. If you are a customer of Finery Markets, log in and you will have an extensive list of pairs for comparison
3. If you are a liquidity provider on Finery Markets, you can compare your orders to the aggregated prices from other LPs

### How do I compare the cost of OTC execution against major exchanges?

<figure><img src="https://1906424770-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FlhEtVTUclDpcNfjGvCeB%2Fuploads%2F34NKNnDCnD9DKDbBGA5m%2FScreenshot%202023-01-24%20at%209.56.59%20PM.png?alt=media&amp;token=c3ffcaab-b9ab-450f-a885-00714f710cb5" alt=""><figcaption></figcaption></figure>

1. Log in to pulse.finerymarkets.com
2. Select Spreads
3. Choose an instrument
4. Select the size of the trade
5. Specify the monthly turnover to adjust the fees applied by the exchanges

#### How can I analyze the behavior of my Takers?

Taker analytics has moved into the Finery Markets platform. It is now available as the **Analytics** section, with no separate login and a refreshed interface. There you can track turnover, counterparty concentration, pocket share, PnL and Buy / Sell volume across custom date ranges.