The auctionLive V1

Scoring: price, latency, quality

The auction ranks effective cost, not sticker price. Latency and quality are measured by the router, not claimed by providers.

Price alone is the wrong thing to rank. A quote that saves you a cent and costs you two seconds of latency is not the best bid, and a provider that answers fast with the wrong model is worse than either. The auction therefore ranks an effective cost built from three terms: price, latency, and quality.

The three terms

termsourcewhat keeps it honest
pricethe provider's signed quotesecond-score clearing makes truthful quoting dominant
latencyrouter-measured TTFT from the metering proxymeasured on real traffic, never self-reported
qualitythe provider's reputation score per model classfed by canaries, audits, and challenge outcomes

The measured terms matter more than they look. A marketplace that ranks on claimed latency invites optimistic claims; one that measures it on the requests you actually paid for makes the score self-enforcing. Slow providers lose auctions automatically, with no SLA lawyering.

Priorities: you choose the weights

The default weighting is price-dominant. Priority presets reweight the score per request: cheapest pushes price to nearly everything, fastest trades money for measured TTFT, and the balanced default sits between. The auction machinery is identical in every case; only the weights move. Preset details for customers live in Routing controls.

sessions change the cost being scoredFor multi-turn loops the score compares whole-loop effective cost: an incumbent holding your prefix cache is scored at its locked cached rates, and challengers carry their real re-prefill cost. Same score, honest inputs. See Sessions.
As a customerPresets are the only knob you need. If your agent is latency-bound, say so per request; you are re-weighting the same honest measurements, not picking a different market.
As a providerYou cannot buy score. You can earn it: real TTFT improvements and clean audit history move your ranking on every future auction.