Machine transaction-cost analysisDid this robot pay a fair price
The tapeThe receipts
Every settlement an agent made, priced against the benchmark it could have seen at that moment.
What a robot paid for computing, next to the fair rate at the time it bought.
FreshnessIs this up to date
indexed from Arcread from the public recordReading the tape…Loading the record…
What it costWhat the robot paid
Reading settlements…Loading the buys…
Who sold itThe sellers
graded on the same tapescored on the same recordReading sellers…Loading sellers…
A grade needs 20 priced fills, and rests on the share of the method shown under Coverage, never on all of it.
A score needs 20 checked sales, each judged against . Coverage says how much of the scoring it rests on.
The controlThe sanity check
Reading the control…Loading the check…