TradingHow an order happens
Nothing skips
the chain.
Momento Systems trades event contracts on NBA games, and on college basketball once its season tips off in November, on Kalshi, a CFTC-regulated exchange. A contract pays $1 if its outcome happens and $0 if it does not. Every trade is automated and every trade goes through the same six steps, in the same order.
- 01 Strategy proposes. Turns market and game state into an intent: a contract, a side, a limit. It cannot send anything to the exchange.
- 02 Risk approves. Checks the intent against capital, open exposure, per-position limits and the state of the feeds. A missing check is a rejection.
- 03 Execution executes. Places, follows and cancels orders for approved intents only, and records every acknowledgement and fill.
- 04 Position tracker reconciles. Rebuilds positions from exchange fills and compares them with what Execution believes. Differences are surfaced, never smoothed over.
- 05 P&L calculates. Marks positions and books realised results from settlements, net of exchange fees.
- 06 Dashboard observes. Shows all of it. It has no write path into any of the layers above.
RiskRules that do not change mid-week
Capital
Our own
No outside money is traded.
Per position
≤ 1.5%
Maximum capital at risk on any single position.
Sizing
Weekly
Allocation is reset once a week, not after every result.
Markets
NBA · NCAAB
Game-level event contracts. College basketball from November.
DisclosureWhat we publish
Outcomes,
not signals.
Edges in young markets are small and decay when they are copied. We publish results in full: weekly returns, drawdowns, the preseason and every MACHINE forecast. We do not publish entry rules, timing, prices or position sizes.