Shadow Mode Trial

Twenty days. Recommend only. Nothing changes on your rails.

For collateral operations, securities finance and treasury desks.

A shadow run sits beside your existing process and proposes. It instructs nothing, changes no contract, and touches no venue. At the end you compare our proposal with what your desk actually did — and if it did not beat your current path, that is the finding.

The shape of it
Week 0
You choose a deployment option. Nothing runs yet.
Days 1–5
Adapters read your extract shapes. Disagreements between your own sheets surface here — usually the first thing worth seeing.
Days 6–20
A daily proposal, recommend-only, scored against what your desk actually pledged.
Close
A scorecard, the disagreement log, and a decision. If it did not beat your current path, we say so.
What we ask for Yesterday's operational extracts. Not an agreement, not a project.
Trades / RQV

Requirement per account and the venue profile it runs under

Positions

Inventory by firm, encumbered and long box

Assets

Identifiers, lot size and increment

Eligible

Permitted pairings with margin or haircut factor

Ineligible

Exclusions with a reason

Limits

Concentration caps as available value, with scope

These files never leave your environment — the software runs where you put it, and we receive no copy. See how that works →

What the scorecard measures
MeasureCompared against what your desk actually pledged
Cash postedWhere a cheaper eligible security was available and cash went out instead.
RejectsLines the triparty agent or counterparty refused, and whether we would have avoided them.
SubstitutionsMovements proposed against the cap your desk set.
Specials preservedNames trading wanted back that were pledged anyway.
Time on short accountsMinutes spent on the accounts that actually needed work.

The baseline is your own book over the same twenty days. We do not score against a benchmark we chose.

How it ends

If it does not beat your current path, keep your current path.

The shadow runs beside your existing process for twenty business days and ends there. There is no production change to unwind, no contract to exit, and no rail to disconnect. A shadow that fails is still a useful result, and we will say so plainly.

SCOPEOne book, one venue
DURATIONTwenty business days
PAPERWORKAn NDA
OUTPUTA scorecard against your own book
Starting a conversation

This trial evaluates the allocation file. If your question is the documentation behind it — agreement packages, operative scope, extracted terms — see Agreement Intelligence, which is evaluated separately and with a different team.

The first call is technical before it is commercial: which book, which venue, and what your extracts look like. Terms are scoped from that, once the work is understood. Security and model-risk material is on the Trust page and can be sent ahead.

Start a technical conversation