Trade Implementation Agent
Implements staged trade lists with best-execution discipline.
Takes the staged trade lists, sequences and routes them for best execution, watches the fills, and reconciles back to the model. The order-path layer between a rebalance decision and a settled book.
Authority
Act within policy
Team role
Completes a defined task
Handoffs
Named collaborators
The role
What it owns and where its authority ends
Desk
Asset Management
Desk workflow
Mandate or model, then construction, then the rebalance signal, then a tax-aware trade list, then best execution and drift monitoring. Runs high-volume and rules-bound across the whole managed-account book.
Collaboration
Moves work through defined stages
Decision boundary
Acts only within an explicit policy, permission and escalation boundary.
Systems and capabilities involved
Order management + EMS
Market data + liquidity
Transaction-cost analysis
Handoffs
What this role gives and receives
Capabilities offered
The handoffs name the next owner or specialist and the work that moves between them.
Receives from
Receives from
External handoff
Markets (Execution Services) for venue access and clearing
Context
What the role needs to do the work
- Current work
- The trade list, working orders and fill state.
- Prior interactions
- Recent execution quality by venue and security.
- Policies and reference
- Best-execution policy, venue routing rules, market-impact heuristics.
- Working method
- Not specified for this role.
Checks and boundaries
What must be tested or reviewed
- 01TCA against arrival-price benchmark; outliers flagged to the execution-oversight agent.
- 02Best-execution policy enforced on routing; off-policy routes blocked.
- 03Orders above a notional threshold route to the accountable chief PM for a second-gate release.
Human authority
Acts only within an explicit policy, permission and escalation boundary.
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