XX EXCHANGETERMINAL
PRODUCTX / BTC / xWBTC / xIBTC / xDet
BTCSIM
TRADE ——
MARK ——
SETTLE ——
SESSION— ****
CODARMED
MDDOWN
REGIMECalm
MATCHINGDOWN
FEEDLIVE
CLOCK19:27:05.216Z00:57:05 IST
SESSION —TOKEN ****NODE MATCHING DOWNMD COINBASE DOWNCOD ARMEDT/O 15:00ROLE —
CMDARM ○SIZE 1BTC-USD
TRADE — —MARK — —SETTLE — —│CB —BN —│REG Calm│BULL 25.0 E 25.0 u 1.00│BEAR 25.0 E 25.0 u 1.00│TSY 50.025/25/50│xDet n 0.00 A 0.00 B 0.00│mint +— burn −—│Tmax — —%│MM —bps inv —BTC│HGT —FEE —AGG OI —BN PROXYBYBIT PROXYCB —PROXY PFCG —
CMDCOMMANDDSKDESKSBOOKBOOKSOPTOPTIONSXDETXDET DESKTSYTREASURYMKTMARKETSMMPROTOCOL MMSURVSURVEILLANCESCNSCENARIOSSESSSESSION
OS
WORLDWORLDRISKRISKCREATECREATEEXECUTEEXECUTEPORTFOLIOPORTFOLIOCOLLATERALCOLLATERALCLEARINGCLEARINGWAREHOUSEWAREHOUSEHEALTHHEALTHPOLICYPOLICYDATADATAAUDITAUDIT
CMD

CMD

11/11
SESSION —TOKEN ****NODE MATCHING DOWNMD COINBASE DOWNCOD ARMEDT/O 15:00ROLE —
WORLDBTC —ETH —XAU —│TRADE—MARK—SETTLE—│GLOBAL X RISKΔ 0.00ν 0.00L 0.00R 0.00│HEALTHREG CalmF 0.00LIQ —SPR —│BOOKC_B 25.0C_I 25.0C_R 50.0W 0.000T_c —T_max 0.00E_B 25.00E_I 25.00A 0.00B 0.00PNL 0.000CL=LB —
SESSION—TOKEN ****FIRM X-FIRMDESK X DESKMATCH DOWNMD DOWNMM DOWNCOPY DOWNCOD ARMEDT/O 15:00
BTC
—
CB — · BN — · BY —
REGIME
Calm
C_B
25.0
C_I
25.0
C_R
50.0
PNL
—
xDet
0.000
xV
—
xDetA
0.000
xDetB
0.000
252550
T3BID — x — ASK — x — CB — BN — BY —T4LAST — — — — STAB PREM —T5O — H — L — V 0.0 OUR TAPE
GREEKS —
LIVE · OTC · DEFI · LIQ · BOOK · FILL 5/10/20 · STAB PREM

DESKS

CB —
DESKKINDLASTBIDBID SZASKASK SZLIQBOOKFILLPREM
CMD CLOBLIVE——0.0000—0.0000————
HYPERLIQUIDDEFI———————5%—
PANCAKESWAPDEFI———————10%—
AAVEDEFI———————20%—
UNISWAPDEFI———————10%—
OPTLIVE—————————
DISCOTC—————————
PANIC OTCOTC—————————
NOTEOTC—————————
PROTO-MMLIVE—————————
CREATENL → XDL → SKUMARK — CB — T_max 0.00 W 0.000
NLPAY S_t IF BTC ABOVE KBTC-VAN-C-7D
CLASS BTC-VAN-C-7D
XDL PAY S_t IF BTC ABOVE K
VENUE OPT
ABS A
FILL options.fill
MAX+ UNLIM
MAX− 0.0
Convexity · vs CB mid
NO FEED · CB MID
DOM BTC-VAN-C-7D
BTC-C-78200-7d25,969.00 / 26,230.00
Limits
SIZE0.010MIN0.010FF50T_max0.00HEAD-0.01xDetA0.00xDetB0.00A/B CAP0.00
intent OKdefinition OKlegal OKpayoff OKpricing OKrisk OKcollateral OKliquidity OK
CLAIMS 0PAY S_t IF BTC ABOVE K
T — M — S —CL=LB —X-MM —X-ABS BALANCEDX-NOLIQ vs CASCADEX-REGIME CalmX-DET A 0 B 0 xV 0.000 Tmax 0.00X-ALLOC 25.0/25.0/50.0X-TSY W 0.00 cov 100.0%
X-LADDER 20BTCLAST — MARK — MID — SPR 0tVOL — / —EMPTY BOOK0.5
WorkBBidQtyBCntPRICEASK SZACntWorkAmmQty
DEPTH · BTC0.0
X-TAPE · BTC0
TimetradeIdseqPxLotsAggMMMakerTaker
T — M — S —CL=LB —X-MM —X-ABS BALANCEDX-NOLIQ vs CASCADEX-REGIME CalmX-DET A 0 B 0 xV 0.000 Tmax 0.00X-ALLOC 25.0/25.0/50.0X-TSY W 0.00 cov 100.0%
ChainBTCUND 0.0 MARK IV NaN EDP — BSCALL APUT BPAY S_t IF BTC ABOVE K
BQtyBidAskAQtymIVbIVΔΓνρAbsStrikeBQtyBidAskAQtymIVbIVΔΘρOIVolLastAbs
NO FEED · lib/options
CALL A · PUT BA 0 B 0 xV 0.000 Tmax 0.00
E_B = C_B(1+r) · E_I = C_I(1−r) · RESET |E_B−E_I| > θ

BULL / BEAR

R_t 0.000
BULL ENGINE · C_B
C_B
25.00
E_B
25.00
EXPOSURE
—
PNL
—
BEAR ENGINE · C_I
C_I
25.00
E_I
25.00
EXPOSURE
—
PNL
—
EXPOSURE
—
θ
—
LAST RESET
—
C_T = C_B + C_I + C_R · REF 25/25/50

TREASURY

WAREHOUSE
C_T
100.00
C_B BULL
25.00
C_I BEAR
25.00
C_R RESERVE
50.00
C_B 25.0%C_I 25.0%C_R 50.0%
T_max
—
D_t
—
T_c = I_t − A_m
—
DVR = A_m / I_t
—
I_t
—
A_m
—
WAREHOUSE INVENTORY
NO INVENTORY FIELDS ON TREASURY
xWBTC
—
xIBTC
—
DTS · MINT/BURN · SELL DEFI 5/10/20

xDet DESK

xV —
I_t IMBALANCE
0.00
A_m ABSORPTION
0.00
xDet_t
0.00
xDet_m MINT
0.00
xDet_b BURN
0.00
DTS
—
xDet_A · BULLISH · CALLS ABSORB
0.0000
xDet_B · BEARISH · PUTS ABSORB
0.0000
A 0.000B 0.000DTS —
xDet
0.0000
xV = xDet_b / xDet_m
—
DVR = A_m / I_t
—
SUPPLY
0.0000
QTY
VENUELASTLIQFILLST
HYPERLIQUID——5%DOWN
PANCAKESWAP——10%DOWN
AAVE——20%DOWN
UNISWAP——10%DOWN
DTS = outstanding / minted. MINT ticks unmatchedFlow. BURN hits takeProduct + applyAbsorption. SELL 5/10/20 routes xDet into HL/UNI/AAVE.
PAY · BTC UNSETUNSET
HEALTHC_B 25.0C_I 25.0C_R 50.0ENGINES DOWN
UNSET · live Coinbase
BlotterBTC
IdSidePxQtyLeavesSt
NO WORKING
76 SKU · CLICK TO FILL

LISTED CATALOG

76 LIVE
POS · CLAIMS · MARGIN · COLL · SETTLE

LEDGER

INSTRQTYAVGLASTSRC
BULL E_B25.000——PROTO
BEAR E_I25.000——PROTO
xDetA0.0000——PROTO
xDetB0.0000——PROTO
RESTRICTED · MULTI-SIG · HSMX EXCHANGE · TERMINAL 3000 · AIR-GAP19:27:05.256Z
X
X EXCHANGE
CLOSED-DOOR DESK · 3000
SELECT ACCESS · THEN AUTHENTICATE
CLASSIFICATION · RESTRICTEDMULTI-SIG HSM · NO REMOTE ATTESTCHANNEL SEALED