XX EXCHANGETERMINAL
PRODUCTX / BTC / xWBTC / xIBTC / xDet
BTCSIM
TRADE ——
MARK ——
SETTLE ——
SESSION— ****
CODARMED
MDDOWN
REGIMECalm
MATCHINGDOWN
FEEDLIVE
CLOCK19:15:25.154Z00:45:25 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
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
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%
warehouseBTC
KVNote
W0.000inventory · not a claim
T_max0.000cap
T_c—util
HEAD0.000T_max − |T_c|
F0.000W / C_R
C_R50.000reserve
xWBTC0.0001:1 BTC_d
xIBTC0.000inverse wrap
BTC_d—locked wrap
UNSERV—unmatched
NETabsorb residual T_c through xDet A|B
HEDGECLOB hedge BTC-USD via venue.place
SOLVEstructured / RFQ offset via markets.fill
WAREHOUSEpark residual in W · wrap if BTC_d
PROTO-MM is warehouse stock · never KILL
RESTRICTED · MULTI-SIG · HSMX EXCHANGE · TERMINAL 3000 · AIR-GAP19:15:25.159Z
X
X EXCHANGE
CLOSED-DOOR DESK · 3000
SELECT ACCESS · THEN AUTHENTICATE
CLASSIFICATION · RESTRICTEDMULTI-SIG HSM · NO REMOTE ATTESTCHANNEL SEALED