Execution Management
Aggregators vs Fast Swaps
Aggregator Swaps vs. Fast (Direct) Swaps
Genius supports two fundamentally different swap execution paths: Fast (Direct) Swaps and Aggregator Swaps. They optimize for different constraints and should be used intentionally.
Fast (Direct) Swaps
What they are Fast swaps execute directly against a single native liquidity pool (or direct route) without querying multiple venues.
Core properties
Lowest possible latency
Quote generated client-side
Transaction is built and submitted immediately
No multi-aggregator routing logic
Pros
Fastest execution path
Higher likelihood of landing the transaction first
Ideal for latency-sensitive trades (e.g. new launches, volatile assets, thin markets)
Cons
Pricing may be worse than aggregated routes
Higher price impact in certain pool structures
Less protection against suboptimal liquidity distribution
Typical use cases
Sniping / trench trades
Highly time-sensitive entries
Situations where execution speed matters more than price
Aggregator Swaps
What they are Aggregator swaps query multiple liquidity sources and routing engines to find the optimal execution path before submitting a transaction.
Core properties
Queries multiple aggregators and pools
Optimizes for output amount and/or slippage
Quote generation takes longer than fast swaps
More complex routing logic
Pros
Better pricing in most normal market conditions
Lower effective price impact
More robust for larger trades
Cons
Higher latency due to quote computation
Slightly slower transaction submission
Less suitable for ultra-competitive latency environments
Typical use cases
Larger position sizes
Price-sensitive trades
Stable or moderately volatile markets
Latency vs. Pricing: The Fundamental Tradeoff
At a high level:
Fast swaps = low latency, worse pricing Aggregator swaps = higher latency, better pricing
This tradeoff is structural and unavoidable.
On EVM chains in particular, it is possible to see:
Low slippage but high price impact, depending on pool design
Example: a Uniswap V3 pool with low liquidity in the active price bin may show low slippage but still move the price aggressively due to concentrated liquidity mechanics
Because of this:
A fast swap may appear acceptable on slippage but still execute at a worse effective price
An aggregator may route across multiple venues to reduce price impact, even if it takes longer to compute
When to Use Each
Use Fast (Direct) Swaps when:
You care more about speed than price
You are competing for early entry
Market conditions are chaotic or extremely time-sensitive
You are trading small size relative to pool depth
Use Aggregator Swaps when:
You care about execution quality and price
You are trading meaningful size
Market conditions are stable enough to tolerate quote latency
You want minimized price impact across venues
Genius-Specific Advantage: Explicit Routing Control
Genius is the only trading terminal that allows you to explicitly control how your order is routed when using aggregators.
This includes:
Selecting which aggregators are enabled or disabled
Choosing between best price vs. fastest quote
Enabling or disabling specific liquidity sources (DEXs, pools, venues)
Controlling simulation behavior for speed vs. safety tradeoffs
Most terminals abstract this away and force opaque routing decisions.
Genius exposes the routing layer directly.
This means:
You are not forced into a black-box execution path
You can optimize for your specific strategy, not the average user
Advanced traders can trade off speed, price, and reliability explicitly
In short: Fast swaps optimize for speed. Aggregators optimize for price. Genius lets you decide — and lets you decide precisely.
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