Operating Model

Note

This document describes the target operating model. Not all steps are fully implemented in the current codebase. The system is an experimental scaffold under active development.

12-Step Operating Loop

graph LR
    I[1. Ingest] --> N[2. Normalize]
    N --> C[3. Classify Regime]
    C --> G[4. Generate Candidates]
    G --> F[5. Forecast]
    F --> V[6. Cross-Validate]
    V --> R[7. Rank]
    R --> P[8. Construct Portfolio]
    P --> RK[9. Risk Validation]
    RK --> E[10. Execute]
    E --> M[11. Monitor]
    M --> REV[12. Review & Evolve]
    REV -.-> I

1. Ingest — Market, macro, fundamental, technical, and alternative data
2. Normalize — Enrich data into canonical entities
3. Classify — Market regime, liquidity state, and volatility context
4. Generate — Candidate opportunities across strategies and assets
5. Forecast — Distributions, scenario ranges, and confidence
6. Cross-validate — Candidate theses across specialist agents
7. Rank — Opportunities by expected return, confidence, liquidity, and regime fit
8. Construct — Portfolio under portfolio-level constraints
9. Risk validate — Pre-trade risk checks and veto
10. Execute — Cost-aware routing and scheduling
11. Monitor — Fills, exposure, P&L, health, and incidents in real time
12. Review — Attribution, drift detection, challenger tests, and evolution under governance

Governance Model

Humans define the operating boundaries:

• Mandates — Allowed assets, strategies, allocation caps
• Risk budgets — Drawdown limits, leverage ceilings, exposure caps
• Compliance constraints — Instrument restrictions, trading hours
• Override conditions — Kill switch, manual pause, forced deleverage

AIS operates within these boundaries and escalates incidents or policy breaches.

Current Implementation Status

Step	Status	Module
Ingest	Implemented	data/, exchange/
Normalize	Implemented	data/providers/
Classify	Partial	agents/market_intelligence/
Generate	Implemented	agents/strategy/
Forecast	Partial	quant/
Cross-validate	Via arbitration	orchestration/
Rank	Implemented	orchestration/arbitration.py
Construct	Implemented	portfolio/
Risk validate	Implemented	risk/
Execute	Implemented	execution/
Monitor	Implemented	monitoring/
Review	Implemented	review/