◆ Supervised Worker
Maintains the live order book through the bookbuild … investor orders, demand curves, oversubscription … and produces allocation scenarios against the desk's quality-of-demand criteria. Runs the book mechanics continuously; the syndicate-desk agent owns the allocation call.
Memory
Working The live book, demand curve and current allocation scenario.
Episodic Investor behaviour in prior deals (flipping, hold quality).
Semantic Allocation policy, quality-of-demand criteria, regulatory limits.
Store Order-book datastore + immutable book-state ledger
Orchestration
pipeline MCP
Harness · Managed Agents … event-driven session updating on each order; deterministic aggregation; every book state logged immutably.
Tools
{ } Order-management system API ›_ Allocation scenario sandbox Code exec ⌕ Investor CRM / history Retrieval ⇄ Syndicate-desk-agent channel A2A
Evals & guardrails
- Book aggregation reconciled continuously against source orders.
- Allocation scenarios checked against policy + regulatory limits before presentation.
- The syndicate-desk agent re-derives and gates the final allocation before commit.
Frontier edge
- ▲World-model simulation: simulates aftermarket flip-risk and price stability per allocation scenario before the desk commits a grid.
- ▲Confidential compute: aggregates competitively-sensitive investor orders inside a secure enclave so no single book participant's demand leaks.
- ▲Formal action-gating: every book-state mutation is cryptographically signed and replayable, so the immutable ledger is provably tamper-evident.
A sample run
Trigger Bookbuild opens; orders arrive across a two-day marketing window.
- 1Aggregate incoming orders into a live demand curve at each price level.
- 2Track oversubscription and quality-of-demand by investor type.
- 3Generate allocation scenarios against the desk's criteria.
- 4Surface flip-risk accounts from investor history.
Output A live book with allocation scenarios and demand analytics for the syndicate-desk agent … which makes the allocation call with the mechanics already done.
In numbers
real-time
Book updates
< 2s
Allocation scenario latency
Handoffs
Across ⇢ Markets → equity syndicate trading for execution and stabilisation