Digital-asset execution
A future pilot would measure spreads, depth, fills and operating continuity on the venue used. This page describes the proposed checks; it does not establish live capacity.
What to measure
- Venue and data: coverage, trading access and interruptions.
- Execution: spread, depth, slippage, partial fills and latency in limited pilot orders.
- Exposure: position limits and the chosen risk configuration. A more aggressive mode would not be the default way to increase size.
- Operations: custody, reconciliation and the response to venue or data failures.
Before increasing size
The first stage would calibrate execution and operating behaviour. Each increase would require fresh market evidence, operating readiness and an explicit decision. Results from a small pilot would not by themselves establish larger-scale capacity.
A private review can cover transaction assumptions, sensitivity work and the conditions requiring another review for a proposed trading arrangement.