SEC-registered B/D · FINRA · SIPC

Your terminal, your data, your edge.

A trading platform for analysts who want orders routed direct to exchange, tick data going back to 2008, and a Python back-tester that runs on the same data engine your fills use.

Start trading → Try paper account

4.2ms

P95 order route

$0.0064

Per filled order

PFOF · ever

NVDA TSLA AAPL SPY +

MARKET OPEN · 11:32:48 ET

Watchlist · TECH+

NVDA 948.42 +2.84%

TSLA 284.18 −1.42%

AAPL 214.08 +0.48%

SPY 584.22 +0.18%

QQQ 498.04 +0.62%

MSFT 438.74 −0.24%

BTC 68,408 +3.12%

ETH 3,418 −0.84%

NVDA NASDAQ · 1m 948.42 +26.18 (+2.84%)

1m 5m 1h D W

952.00

938.00

924.00

948.42

— EMA(20) 942.14 --- EMA(50) 921.84

RSI(14) · 68.42 OB 70 · OS 30

Bid · 5

948.38

Ask · 8

948.42

Used by 14,408 independent traders & quant funds

Forecast Cobalt Trading NIMBUS Beacon Capital LATTICE △ Quartermast Folio.Labs COAST MKTS

SEC-REG · BROKER-DEALER FINRA MEMBER SIPC · 500,000 SOC 2 TYPE II NO PFOF · DIRECT ROUTING

Strategy back-tester

Test a hypothesis on 17 years of tick data in 38 seconds.

Write your strategy in Python or vanilla SQL. Run it against the same minute, second, or full-resolution tick data your live fills use. No simulator drift between backtest and live.

strategies/ema_pullback.py 38.2s · 4,408,128 bars

  1 from pivot import Strategy, signals
  2 import pandas as pd
  3
  4 class EMAPullback(Strategy):
  5     universe = ["SPY", "QQQ", "NVDA", "TSLA"]
  6     timeframe = "5m"
  7     lookback  = 2017-01-01
  8
  9     def on_bar(self, bar):
 10         ema20 = signals.ema(bar.close, 20)
 11         ema50 = signals.ema(bar.close, 50)
 12         rsi   = signals.rsi(bar.close, 14)
 13
 14         if ema20 > ema50 and rsi < 42:
 15             self.buy(bar.symbol, size=0.08)
 16             self.stop(bar.symbol, atr=2.4)
 17
 18         if rsi > 68:
 19             self.exit(bar.symbol)

Backtest · EMAPullback · 2017-2024

FINISHED

Equity · $100k initial

$348,418

+248.4%

Jan 2017Dec 2024

Sharpe

1.84

Max DD

−18.4%

Win rate

58.4%

Trades

1,408

Promote to paper trading

What's in the box

Built for traders who already use the docs.

Direct exchange routing

Orders go straight to NYSE, NASDAQ, IEX, ARCA. No PFOF, no internalization. You see the route on every fill report.

✓ P95 4.2ms order route
✓ Smart router across 11 venues
✓ Maker rebates passed through
✓ Full FIX 4.4 + drop copy

Tick data, going back

Full-depth Level 2 feed from 2008 forward. Equities, ETFs, options chains, futures, BTC/ETH spot + perps. Identical pipeline for backtest and live.

✓ 17 years of equities tick
✓ NBBO + L2 + trades
✓ 280ms median exchange-to-you
✓ Parquet exports up to 50GB/mo

Strategy engine

Author in Python locally or in the browser IDE. Backtest, paper-trade, then promote to live with one command — no rewrites, no broker SDK glue.

✓ Python 3.12, pandas, numpy, polars
✓ Pre-built indicators (148)
✓ Walk-forward + Monte Carlo
✓ Promote: paper → live in 1 line

P95 order routing

4.2ms

direct-to-exchange

Backtest · 5yr 1m bars

~38s

cold cache · ~4s warm

Strategies hosted

28,408

paper + live

Cost per filled order

$0.0064

vs $0.04 PFOF spread

Pricing

Pay for the tooling, not the spread.

Same commission for everyone: $0.0064 per share for equities, $0.65 per option contract. We don't sell your order flow, ever.

Paper

/ mo

EOD data · paper trading

Start free

✓ Paper trading, unlimited
✓ 15-min delayed quotes
✓ Daily bars from 2008
✓ 5 strategies, 10 backtests/mo

No PFOF. No conflicts. No surprises.

Pivot is an SEC-registered broker-dealer and FINRA member. Customer cash is held at Cobalt Clearing Corp; securities are SIPC-protected up to $500k including $250k cash. We publish 606 reports monthly and we sell zero order flow.

✓

Cash segregation. Customer funds in segregated FDIC-swept accounts at partner banks. Up to $2.5M coverage.

✓

WebAuthn step-up. Hardware-key step-up required for withdrawals > $5k. SMS 2FA permanently off by default.

✓

Order-flow transparency. SEC Rule 606 reports published monthly. Every route per venue. No hidden affiliates.

✓

Pattern Day Trader logic. PDT is enforced by FINRA, but we surface buying-power impact pre-trade so you don't get caught.

Live · 606 routing report excerpt (April 2025)

VenueSharePFOF $/share

NASDAQ38.4%$0.0000

NYSE22.1%$0.0000

IEX14.8%$0.0000

ARCA12.2%$0.0000

EDGX7.6%$0.0000

BZX4.9%$0.0000

Pivot Securities LLC received $0.0000 in payment for order flow across all S&P 500 names in the reporting period. We have never sold customer order flow and we contractually cannot, per § 4.2 of our clearing agreement with Cobalt Clearing.

Questions a trader actually asks.

Are orders routed via PFOF or direct to exchange? +

100% of marketable equity orders are routed directly to a lit exchange via our smart router. We do not sell order flow to wholesalers (Citadel Securities, Virtu, etc.) and our SEC Rule 606 reports — published monthly at pivot.markets/606 — show $0.0000 in PFOF received across all venues. For options, our routing is also direct-to-exchange but rebates from the exchange's maker-taker fee schedule are passed back to you, line-itemed on the fill report.

What's your data source and how delayed is it really? +

Direct SIP and proprietary feed subscriptions from each exchange. Our median exchange-to-screen latency is 280ms (P95 410ms) for L1 quotes, and L2 book updates are 320ms median. For options chains we sub to OPRA direct, ~480ms P95. Historical tick data is rebuilt from raw exchange feeds; we don't use a third-party aggregator. Pro accounts can request the same feed handlers we run in production for colocation use.

Can I run Python strategies on real money or only paper? +

Both. Trader plan and up can promote any backtested strategy to paper trading immediately, then to live with one CLI command (`pivot promote --to live strategy.py`). Risk controls are mandatory: per-symbol max position, per-day max loss, and a kill switch that halts the strategy if drawdown crosses a threshold. Live strategies pay the same commission as discretionary orders. Pro accounts get the FIX drop copy so you can mirror live fills into your own infra.

Historical data coverage — how far back, what assets? +

US equities + ETFs: minute bars from 2008, full tick + L2 from 2014. Options: chains from 2014, OPRA tick from 2018. Futures: ES, NQ, CL, GC from 2010 minute. Crypto: BTC/ETH spot from Coinbase + Binance 2017 minute, perpetual funding rates from 2020. Every dataset is rebuilt monthly with corporate actions and is point-in-time correct — no survivorship bias on the ETF/equity universe.

How is PDT enforced — can I trade options spreads under $25k? +

PDT is a FINRA rule, not ours — we have to enforce it. Cash accounts are exempt: you can place unlimited day trades, but you wait T+1 for settlement before the cash is available again. Margin accounts under $25k are limited to 3 day-trades in a rolling 5-day window. For options spreads specifically: opening a spread and closing it same day counts as one day trade for the round-trip (not two), but each leg of an iron condor opened independently can count separately if filled in different sessions.