PIRANHA — Fixed Income Algo Wheel

Order Blotter 0

Time	Order ID	CUSIP	Side	Quantity	Filled	Price	Avg Fill	Status	Venue	Algo

Positions & P&L 0

CUSIP	Net Qty	Avg Cost	Mkt Px	Unreal P&L	DV01

Unrealized $0

Realized $0

Total P&L $0

Total DV01 $0

Venue Performance

TradeWeb

—

Resp: —

Fills: 0

Bloomberg

—

Resp: —

Fills: 0

MarketAxess

—

Resp: —

Fills: 0

Live Activity 0

	Rule	Condition	Algo	Priority	Hit Rate
	Large Block	Notional ≥ $10M	TWAP	1	34%
	Mid-Size IG	$1M–$10M & IG rated	VWAP	2	28%
	Treasury Fast	Asset = UST & Notional < $5M	PASS	3	19%
	HY Aggressive	Rating ≤ BB+	IS	4	11%
	After Hours	Time > 16:00 ET	PASS	5	0%
	Default Catch-All	All remaining orders	VWAP	99	8%

Parameter	Value	Status
Small Order Threshold	$500,000
Large Order Threshold	$10,000,000
Max Slippage Tolerance	5.0 bps
Auto-Split Threshold	$25,000,000
Dark Pool Routing	Enabled for > $5M

Asset Class	Primary	Secondary	Excluded
US Treasuries	TRADEWEB	BLOOMBERG	None
Investment Grade	BLOOMBERG	MARKETAXESS	None
High Yield	MARKETAXESS	BLOOMBERG	DIRECTPOOL
Emerging Markets	BLOOMBERG	TRADEWEB	None