SigmaX
Current Status

Private Validation. Evidence Gates First.

SigmaX advances capabilities only when evidence, market access review, implementation analytics, benchmark validation, and capital-governance requirements are satisfied. This page is the canonical public operating ledger.

Authority posture

Capacity analysis does not satisfy benchmark independence.

A capacity analysis may review multiple allocation sizes, but those observations belong to one market observation cohort unless supported by distinct time windows, market states, or performance records. The current SigmaX surface is read-only and operator-supervised.

No Shadow-Qualified opportunity exists yet. No live capital authority is granted by this surface.

Operating today

Live Capabilities Under Operator Supervision.

Each row is a durable capability operating on the SigmaX surface today. These are operating foundations, not profit-producing surfaces.

  • Capital Intelligence Platform
    The SigmaX platform surface that converts market observations into reviewed Investment Memos under the institutional workflow.
    Operating
  • Investment Committee Workflow
    Three-seat committee process — Portfolio Architect, Risk Review, Research Analyst — issues a closed-enum decision under Committee Chair authority.
    Operating
  • Investment Memo Structure
    Every candidate carries mechanism, evidence, implementation cost, capacity, benchmark coverage, and committee notes in a single typed structure.
    Operating
  • Decision Record
    Source lineage for every observation, access quote, implementation cost component, and benchmark sample contributing to a dossier.
    Operating
  • Market Access Review
    Read-only access-quote validation against approved access providers. Calldata, signing, and swap paths are structurally refused.
    Operating
  • Implementation Cost Model
    Network cost, market impact, venue fee, capacity estimate, and conservatism buffer compose the total implementation cost and net implementable edge.
    Operating
  • Benchmark Validation Suite
    Counterfactual and baseline benchmarks (same-asset, directional sensitivity, implementation cost) evaluated under the institutional independence rule.
    Operating
  • Stablecoin Basis Program
    A research program that reviews stablecoin basis opportunities across access, implementation cost, capacity, and benchmark gates.
    Operating
  • Private Portal Foundations
    Operator and client portal surfaces with grouped institutional navigation, identity, and read-only reporting.
    Operating
  • Authority Controls
    Type-level guarantee that this surface cannot emit a mandate carrying live capital authority. Forbidden-substring scrub on every generated artifact.
    Operating
Latest verification

The Most Recent Reported State.

The platform’s discipline is enforced by tests and typechecks. The most recent reported state is summarized below.

  • Basis Benchmark Integration doctrine correction landed: capacity analysis is no longer treated as benchmark independence.
  • Five allocation observations from one quote batch count as one independent observation cohort, never five.
  • Missing opportunity edge inputs route to a dedicated Review Exception, not to a benchmark-failure label.
  • Public header, footer, and client portal sidebar now use institutional terminology: Investment Office, Opportunity Register, Investment Review, Allocation Readiness.
  • Banned tactical-term navigation tests are in place; retired tactical labels cannot regress into the user-facing surface without breaking CI.
  • API, web, and portal typechecks are clean; 11,081 / 11,081 API tests reported passing as of 2026-05-05.
Active validation

Capabilities Advancing Through Evidence Gates.

Each item below is currently advancing through investment review, market access review, implementation analytics, or benchmark validation. None of these constitute live capital authority.

  • Stablecoin Basis Program
    The first research program advancing under the Basis Benchmark Integration discipline. The deterministic single-batch run currently produces precise market-access blockers rather than a Shadow-Qualified candidate.
    Active validation · Not production capital authority
  • Basis Benchmark Integration
    Independent observation cohorts from temporal sources (peg-stability windows, shadow performance outcomes) are the next evidence increment required to qualify a candidate.
    Active validation
  • Market Access Coverage
    Expanding the access-provider registry so eligible pairs are not blocked at market access review.
    Active validation
  • Basis Opportunity Extractor
    Wires peg-stability monitor evidence into the Basis Investment Review, removing manual edge inputs.
    Active validation
  • Implementation Cost Source Pluggability
    Adding a real implementation-cost source for network cost so quote-time access reviews carry complete cost evidence.
    Active validation
Queued

Designed and Gated, Deferred Until Earlier Milestones Land.

The capabilities below are part of the institutional roadmap but are not currently operating. The Paper Allocation Pilot is gate-blocked: it cannot run until a Shadow-Qualified opportunity has been produced and shadow performance has cleared the required window.

  • Regime & Performance Analytics
    Historical scenario analysis and forecast calibration. Composes with Allocation Priority but cannot itself qualify a candidate.
    Queued
  • Alternative Data Office
    Narrative, on-chain flow, attention, and event-catalyst registers contributing scored observations. Cannot qualify a candidate by itself.
    Queued
  • Paper Allocation Pilot
    Operator-locked: not available until at least one Shadow-Qualified opportunity exists and shadow performance attribution is positive over the required window.
    Queued · Gate-blocked
  • Real Provider Expansion
    Real Investment Committee provider expansion is deferred until the deterministic evidence loop produces stable verdicts the providers can be evaluated against.
    Queued
  • Cross-Asset Certification Track
    Equities, options, and multi-asset surfaces extend the same investment standard as access providers complete certification.
    Queued
Not authorized

What This Surface Does Not Grant.

Posture statements that should not be hidden in legal copy. These are the structural authority limits of the current SigmaX surface.

  • No AI capital authority.
  • No client-operated trading controls.
  • No live capital authority granted by this surface.
  • No performance guarantee.
  • No paper allocation pilot until a Shadow-Qualified opportunity exists.

Discipline before scale.

Selective Access. Reviewed individually for institutional fit.