◆ Supervised Worker
Reads the client order, sizes it against ADV, and works a strategy (algo, dark, or capital commitment) with the trade-offs scored. Agency flow it works straight through, streaming colour to the client; anything that commits the bank's capital it routes to the desk-head/risk agent gate.
Memory
Working The order, the working plan, fills so far vs. benchmark.
Episodic This client's prior orders and execution preferences.
Semantic Algo behaviours, venue toxicity, best-ex policy.
Procedural Strategy playbooks per order profile, refined from outcomes.
Store Order store + client preference graph
Orchestration
pipeline MCPA2A
Harness · Managed Agents … order session; context editing on long working orders.
Tools
{ } OMS/EMS API { } Algo suite API ⌕ TCA + venue analytics Retrieval { } Client chat (Bloomberg/Symphony) API ⇄ Desk-head agent approval channel A2A
Evals & guardrails
- Capital commitment and crossing decisions gated by the desk-head/risk agent before commit.
- Best-execution policy gate before any strategy is sent.
- Slippage-vs-benchmark tracked per strategy and cohort.
Frontier edge
- ▲World-model simulation: pre-runs the order through a market-impact model to forecast the slippage band before a single child order goes out.
- ▲Voice-native client colour: speaks the working update back to the client and reads their chat/voice reply natively, no copy-paste.
- ▲Long-horizon autonomy: holds the working-strategy thread across a multi-hour parent order without losing the benchmark context.
A sample run
Trigger Client order: sell 8% of ADV in a mid-cap, limit the footprint.
- 1Estimate market impact; compare a VWAP slice against a dark-aggregation route.
- 2Draft a working plan and the expected slippage band.
- 3Send the agency strategy; stream colour back to the client.
Output Works the order via the chosen algo with live client updates; routes any principal-risk alternative to the desk-head/risk agent for approval.
In numbers
2,300
Orders triaged / day
−1.8 bps
Avg. slippage vs. arrival
Handoffs
Across ⇢ Operations → Trade Support for booking