XX EXCHANGETERMINAL
PRODUCTX / BTC / xWBTC / xIBTC / xDet
BTCSIM
TRADE ——
MARK ——
SETTLE ——
SESSION— ****
CODARMED
MDDOWN
REGIMECalm
MATCHINGDOWN
FEEDLIVE
CLOCK19:15:25.049Z00:45:25 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

RISK

GLOBAL BOOK · GREEKS · STRESSCalm
BOOK

GLOBAL X RISK

xV —
Δ
0.000
Γ
—
VEGA
0.000
Θ
—
L TAIL
0.000
R TAIL
0.000
E_B
25.000
E_I
25.000
N_t
0.000
F
0.000
OS delta is inventory + transfer skew. 25/25 engine marks are not a risk book.
W · T_max · F

WAREHOUSE

W
0.000
T_max
15.00
T_c
0.000
F
0.000
HEAD
15.000
INVARIANT

CL=LB

OK
CLAIMS
0.0000
LIAB
0.0000
GAP
0.000000
claim = liability. Warehouse W is inventory, not in the gap.
OPTIONS

LISTED GREEKS

ULΔΓVEGAΘIV
NO FEED
BTC SHOCK ON 25/25

STRESS GRID

r 0.0000
SHOCKE_BE_IN_tΔPNLL TAILR TAIL
-20%20.00030.000-10.0000.0000.0000.000
-10%22.50027.500-5.0000.0000.0000.000
-5%23.75026.250-2.5000.0000.0000.000
+0%25.00025.0000.0000.0000.0000.000
+5%26.25023.7502.5000.0000.0000.000
+10%27.50022.5005.0000.0000.0000.000
+20%30.00020.00010.0000.0000.0000.000
E_B = C_B·(1+r), E_I = C_I·(1−r). Shock is added to r. Tails keep xDet + warehouse when T_c signs.
RESTRICTED · MULTI-SIG · HSMX EXCHANGE · TERMINAL 3000 · AIR-GAP19:15:25.053Z
X
X EXCHANGE
CLOSED-DOOR DESK · 3000
SELECT ACCESS · THEN AUTHENTICATE
CLASSIFICATION · RESTRICTEDMULTI-SIG HSM · NO REMOTE ATTESTCHANNEL SEALED