Execution Model

A clear execution model across responsibilities.

Institutional evaluation starts with understanding where accountability sits. The Kodiac mandate layer coordinates desk workflows; brokers retain account and custody responsibilities under their terms.

Responsibility Model

Clear Roles Across Client, Mandate Layer and Counterparty

Institutional relationships depend on defined responsibilities across mandate, desk and custody.

Responsibility columns

Three columns: Client agrees mandate objectives, defines risk parameters, approves permissions and accepts market risk. Kodiac provides the mandate layer, coordinates desk execution, monitoring and reporting, and applies oversight controls. Broker or Counterparty provides account environment, pricing and instruments, order handling, and execution and custody where applicable. Shared operational workflow includes connectivity, activity data, review, reporting and incident communication.

Client

Agrees mandate objectives
Defines risk parameters
Approves permissions
Accepts market risk

Kodiac

Provides mandate layer
Coordinates desk execution
Provides monitoring and reporting
Applies oversight controls

Broker / Counterparty

Provides account environment
Pricing and instruments
Order handling
Execution and custody where applicable

Shared Operational Workflow

Connectivity

Activity Data

Review

Reporting

Incident Communication

Responsibilities vary according to the provider, integration model, client agreement and jurisdiction.

Responsibility flow

Client → Broker → Mandate Layer → Desk → Reporting

This model is intended to clarify roles. It does not claim liquidity provision, prime brokerage, DMA or tiered market-access status.

Client

Defines capital objectives and agrees mandate scope, risk parameters and operating preferences subject to eligibility and documentation.

Broker

Provides the brokerage account infrastructure, custody where applicable, instrument availability and order handling under its own terms.

Kodiac Mandate Layer

Coordinates mandate configuration, desk execution workflows, risk oversight and reporting subject to the selected connectivity model.

Desk Execution

Eligible actions run through supported broker environments under the agreed mandate and available technical connectivity.

Reporting

Activity, status and structured mandate reporting are provided through the Kodiac platform for institutional oversight.

Integration-Dependent Scope

Available desk behaviour, instruments, reporting detail and operational controls depend on the selected broker, integration method, account environment and applicable agreement. Kodiac does not replace the broker's own execution and custody framework.

Professional documentation

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