◆ Supervised Worker
Maintains the live bond order book through execution … orders, demand by account type, spread guidance updates … and produces allocation scenarios. Runs the real-time book mechanics; the desk agent owns final pricing and allocation.
Memory
Working The live book, demand by account type and the current scenario.
Episodic Investor participation patterns in prior issuances.
Semantic Allocation policy, account-type criteria, regulatory limits.
Store Order-book datastore + immutable book-state ledger
Orchestration
pipeline MCP
Harness · Managed Agents … event-driven session; deterministic aggregation; immutable book-state log for audit.
Tools
{ } DCM order-management system API ›_ Allocation scenario sandbox Code exec ⌕ Investor history Retrieval ⇄ Syndicate-desk-agent channel A2A
Evals & guardrails
- Book aggregation reconciled continuously against captured orders.
- Allocation scenarios validated against policy and regulatory limits.
- The syndicate-desk agent re-derives and gates final pricing and allocation before commit.
Frontier edge
- ▲On-device / edge inference: local low-latency book aggregation on the execution path so spread-guidance updates land in milliseconds.
- ▲World-model simulation: simulates how each spread-guidance move reshapes the demand curve before the desk tightens.
- ▲Formal action-gating: every book-state mutation is cryptographically signed and replayable, making the immutable log provably tamper-evident.
In numbers
real-time
Book updates
< 2s
Allocation scenario latency
Handoffs
Across ⇢ Markets → credit syndicate trading for execution