Journal
Notes on market
infrastructure.
Written from the dealing desk, not the content calendar. Design decisions, operating notes, and the questions we think brokers should be asking their vendors — including us.
- Why your bridge bill should not scale with your best months.Volume-based bridge pricing taxes your growth. The costs of running a bridge don't scale with your flow — so the bill shouldn't either.
- Deterministic recovery: designing execution that never loses its place.A restart should be boring. Why the journal is written before the action, and what that changes operationally.
- Settling across traditional and tokenized rails without fragmentation.Two settlement stacks means two sources of truth. Why a rail should be an adapter, not an architecture.