Aggregation Model
The Aggregation Model defines how independent prediction market venues are unified into a single execution environment without merging custody, liquidity ownership, or venue infrastructure.
FORS continuously monitors supported platforms and constructs a synthetic, venue-agnostic market state by aligning economically equivalent outcomes across venues.
Instead of users interacting with fragmented platforms independently, FORS exposes:
• A unified price surface
• A consolidated liquidity view
• A normalized outcome structure
• A single portfolio abstraction
Outcome Normalization
Different venues may represent similar events with slight structural differences:
• Binary vs categorical formatting
• Different naming conventions
• Varying expiration logic
• Divergent fee structures
The aggregation layer maps these into standardized outcome objects so equivalent exposures can be compared directly.
Example: “Team A wins” on Platform A and “Team A victory” on Platform B are normalized into one aggregated outcome entity.
This normalization enables true cross-venue price comparison.
Composite Order Book Construction
The system continuously:
• Reads depth from each venue
• Adjusts for venue fees
• Normalizes prices into probability space
• Calculates effective execution cost
Rather than displaying parallel order books, FORS constructs a composite liquidity view that reflects:
Best executable price, Available siz,e Marginal slippage
This composite view is informational. Liquidity itself remains native to each venue.
Separation of Aggregation and Routing
Aggregation answers: “What is the best effective market state?”
Routing answers: “Where should this specific order execute?”
Users do not manually choose a venue. Execution venue selection is determined dynamically at order time based on:
• Liquidity depth
• Spread
• Fee impact
• Partial fill optimization
• Execution latency
Single Price View, Multiple Settlement Layers
From the user’s perspective:
There is one price. There is one position. There is one exposure view.
Underneath, settlement and custody remain isolated per venue.
FORS abstracts complexity without centralizing capital.
Why This Matters
Without aggregation:
Liquidity
Fragmented across multiple platforms
Unified and discoverable liquidity
Price Discovery
Inefficient, varies per platform
Converges into a single market price
User Workflow
Manual comparison required
Automatic best execution routing
Execution Cost
Higher due to slippage & spread differences
Minimized through aggregated depth
Exposure Tracking
Complex across positions
Coherent portfolio state
Market Behavior
Isolated order books
Composite economic market
Settlement
Decentralized but disconnected
Decentralized with coordinated execution
Multiple independent order books behave economically as a single composite market while maintaining decentralized settlement.
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