Order flow,
resolved to
probability.
Teishō is an independent quantitative research firm. We recover the hidden structure of the tape and translate it into distributions you can act on.
The market speaks
in fragments.
We resolve it.
Every print, every quote revision, every cancelled level is a fragment of a distribution that isn't written down. Teishō's research stack recovers that distribution from the tape — nothing more, nothing invented.
- ORDER-BOOK IMBALANCE, LAYERED
- CONDITIONAL VOLATILITY, INTRADAY
- MICROSTRUCTURE STATE INFERENCE
- PROBABILISTIC OUTCOME BINS
One surface.
Nothing decorative.
The Teishō terminal is a research environment built for the way we actually work. Every panel is a query. Every chart is a checkpoint. No dashboards, no chrome, no theatre.
- NOTEBOOK-ADJACENT LAYOUT
- TICK-LEVEL PLAYBACK
- AGENT CONTEXT, STRUCTURED
- EXPORT TO PYTHON, R, ARROW
A small research shop.
Long horizon, quiet operation.
Teishō is independent by design. We publish selectively, take clients selectively, and build the tools we wanted when we were on the desk. If that resonates, request access below.