The Agentic Bank

Trade Implementation Agent

⬡ Relay Implements staged trade lists with best-execution discipline.
◆ Autonomous Worker

Takes the staged trade lists, sequences and routes them for best execution, watches the fills, and reconciles back to the model. The order-path layer between a rebalance decision and a settled book.

Memory

Working The trade list, working orders and fill state.
Episodic Recent execution quality by venue and security.
Semantic Best-execution policy, venue routing rules, market-impact heuristics.
Store Order/execution store + TCA results

Orchestration

pipeline MCP

Harness · Managed Agents … low-latency loop; event-driven on fills.

Tools

{ } Order management + EMS API { } Market data + liquidity API ›_ Transaction-cost analysis Code exec

Evals & guardrails

  • TCA against arrival-price benchmark; outliers flagged to the execution-oversight agent.
  • Best-execution policy enforced on routing; off-policy routes blocked.
  • Orders above a notional threshold route to a senior-execution agent for a second-gate release.

Frontier edge

  • On-device / edge inference: a local model sits on the order path so routing and child-order decisions happen in milliseconds without a network hop.
  • World-model simulation: simulates market impact and venue fill probability before working an order, then adapts the schedule live as fills arrive.
  • Formal action-gating: an off-policy route or a venue outside the best-execution set provably cannot be sent; every route is signed for TCA replay.

In numbers

−12 bps
Implementation shortfall
high-volume
Trade lists worked / day

Handoffs

Across ⇢ Markets … Execution Services for venue access + clearing

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