The classifier
Who to internalize. A prior on signup, a score on the trade, a pattern check on the week.
Small premiums against tail risk. A classifier for the flow, a hedge program for the book, limits so the desk compounds through cycles.
Who to internalize. A prior on signup, a score on the trade, a pattern check on the week.
When the book should sit, scale, or flatten. A model for the desk — not a live switch on this site.
Instrument eligibility, per-client caps, flatten-before-events, weekend reduction, session kill-switches.
TapeOps is built by Sovra GmbH in Switzerland, starting with our own desk. The numbers were stale. The write path was a spreadsheet. We built the back-office we wanted.