Read this first

Why a funding trader

The introduction describes the decisions in the synthetic book and the failure modes we intend to test, including continuing an analysis after a relevant assumption changes.

Continue in order: What the first grading checks missed; The funding option; How the book is scored; Designing against reward hacking; How the environment is designed; Training a funding trader with GRPO. Use Reference: what the grader recomputes for the equations.

All writing

Newest preparation date first

Article dates record preparation. The sequence above follows the argument; this register lists articles by date.

Unfinished research

Studies awaiting evidence

The limitations page records the dated status of practitioner studies, calibration and model attempts.