kestrel.markets/dist/fill/index.js

A typed, token-efficient language + runtime for agentic trading: agents author bounded plans, the runtime fires them at the tick. CLI + typed library + MCP server.

/**
 * # fill — the FillModel seam + SimFillEngine (RUNTIME §6–7)
 *
 * The judge of the runtime. One seam ({@link FillModel}) returns a calibrated per-assessment
 * `pFill`, an expected fill price, and a definite floor `fill?` — never a bare boolean — and
 * every plan *and the structural null* cross the same model, so strategies are compared on
 * fills, not on fill assumptions (ARCHITECTURE §4). Two implementations bracket the truth:
 *
 * - {@link StrictCrossV1} — the **floor judge**: fills only on a strict tape cross, at the
 *   resting price. Conservative by construction (`pFill ∈ {0,1}`).
 * - {@link MakerFairV1} — the **ceiling judge**: strict-cross ∪ a hazard of being filled
 *   while resting at/near `fair`, with hazard **parameters injected as versioned data**
 *   ({@link MakerFairHazardParams}); the shipped {@link MAKER_FAIR_DEFAULT_HAZARD} is clearly
 *   labelled uncalibrated.
 *
 * {@link SimFillEngine} is the pure, time-injected state machine that rests orders, reassesses
 * them on book updates, and cash-settles at intrinsic — reporting both the floor outcome and
 * the E[$] under `pFill`. Same event sequence ⇒ same outcomes (RUNTIME §0).
 */
export { StrictCrossV1, MakerFairV1, MakerFairCalV1, STRICT_CROSS_LIMITS, MAKER_FAIR_LIMITS, loadEpisodeSigmoidParams, MAKER_FAIR_DEFAULT_HAZARD, makerFairHazard, strictCross, isCalibratedSupport, directionalPfill, classifyMoneyness, MONEYNESS_ATM_BAND, MONEYNESS_DEEP_OTM_FRAC, SELL_FAR_OTM_CAP, BUY_FAR_OTM_CROSSING, } from "./model.js";
export { guardIntent, guardedIntentOf, guardedPfill } from "./guarded-intent.js";
/** Per-contract option intrinsic — the single canonical `intrinsic(spot, strike, right)` from
 * `src/fair` (pure). The fill seam and settlement read the same function fair prices against
 * (RUNTIME §4/§6); it is re-exported here so fill consumers keep one import surface. */
export { intrinsic } from "../fair/index.js";
export { SimFillEngine, SETTLE_MARK_STALE_AFTER_MS, EPISODE_REMINT_DT_REF_MS } from "./engine.js";
export { SpotFillEngine, spotStrictCross } from "./spot.js";
export { markHeldLegsPerWake, OPTION_CONTRACT_MULTIPLIER } from "./mark-to-model.js";
export { heldPositionAsOfGradedBus, reconstructHeldOptionLegs } from "./held-position.js";