Model Documentation
Papers on the infrastructure for brokering bespoke, bilaterally negotiated event contracts as cash-settled swaps: the regulatory pathway, how a single trade is arranged end to end, and the pricing mechanism underneath.
Underlying math & volatility-theory for our Layer 1 anchor, liquidity provisioning, underwriting business, & leveraged products.
Deal FlowEnd-to-end brokered trade – event origination, RFQ, documentation, diversified portfolios, and collateralization.
Worked ExampleOne illustrative contract end to end – term sheet, price anatomy, lead-follow allocation, and the cost of underwriting it.
RegulatorySwap classification under the CEA, ECP-only bilateral execution, reporting obligations, and the registration questions still open for counsel.
ThesisWhy long-tail risk remains unpriced & exposed in certain sectors, with liquidity as an underwriting business.
User RationaleCounterparties and incentive structure in our n-of-1 contracts.