CADi · Securities
Best-execution and market-conduct evidence, for the committee - not a reconstruction.
How the execution was governed, put in front of the committee without rebuilding it by hand.
Seeking build partnersCADi Trade is an open invitation: we are looking for partners to build it with us. If you run an execution desk and want best-execution evidenced for the committee, we would like to hear from you.
Get in touchBest-execution and market-conduct obligations turn on how an order was handled - which venue, what timing, what the alternatives were. When an execution is challenged, weeks or months later, that reasoning has to be produced.
In practice, defending an execution means rebuilding the decision by hand from fills, logs and recollection. A best-execution committee, a surveillance team or a regulator is handed a reconstruction, not a record.
CADi Trade evidences how an execution or order-routing decision was governed: which venue, what timing, how the order was handled. It never advises, never routes on the customer's behalf on day one, and never guarantees best execution.
It produces a decision-level record with the policy, the rationale, the counterfactual and an immutable trace - put in front of a best-execution committee, surveillance, an auditor or a regulator without rebuilding the reasoning by hand. It enters as evidence and is designed to earn the execution decision later.
A decision-level record the best-execution committee can rely on directly, instead of a reconstruction assembled from fills and memory.
How the order was handled, under what policy, with the alternatives the engine considered - the substance of a best-execution defence.
Not just the route taken, but what a different venue or timing would plausibly have meant - the comparison a challenge turns on.
Attests how executions were governed first - never advising, never routing for the customer on day one; earns the execution decision later.
Desks carrying best-execution and market-conduct obligations, who must be able to defend how any order was handled.
The committee, surveillance and audit teams who review executions and need a record to rely on rather than a manual reconstruction.
CADi Trade is one product in the CADi range: the same deterministic causal engine - nine layers, a do-calculus core and a hash-chained audit trail - pointed at the execution decision.
It belongs to the reporting layer: it runs alongside the firm's own systems, evidencing how an execution was governed rather than routing it, and is built to earn the execution decision once the evidence loop is trusted - enter on evidence, earn the decision.
CADi is at v0.9 - built and running end-to-end - on nine pending UK patents. CADi Trade evidences how an execution was governed; it does not advise, does not route on the customer's behalf on day one, and never guarantees best execution.
The causal mathematics is rigorous and correctly implemented. Today it runs on an assumed causal graph with heuristic inputs; it is analytical approximation on assumed inputs, not yet statistically validated against live outcomes. We lead with the rigour, and we name the caveat.