{
  "request_id": "37c150fd-ecbd-47e6-a7b8-e12bb1eb3142",
  "timestamp": "2025-12-19T19:16:49.433547+00:00",
  "status": "FILLED",
  "strategy_id": "equity-scout-v1",
  "asset_class": "equity",
  "symbol": "AAPL",
  "side": "long",
  "notional": 50,
  "quantity": 0.18430595573691747,
  "price": 271.2880319037066,
  "fees": 0.05,
  "reason": null,
  "thesis": {
    "intent_id": "37c150fd-ecbd-47e6-a7b8-e12bb1eb3142",
    "thesis_id": "d5b7afa0-f465-4575-a21c-1dfc07756f33",
    "created_at": "2025-12-19T19:16:48.247347+00:00",
    "strategy_id": "equity-scout-v1",
    "agent_name": "equity-scout",
    "run_id": null,
    "asset_class": "equity",
    "symbol": "AAPL",
    "side": "long",
    "notional": 50,
    "confidence": 0.55,
    "expected_horizon": "1h",
    "summary": "Equity Scout AAPL vs SPY: rel5=0.15% rel15=0.13% rel1h=0.07% (thr5=0.10%) -> BUY",
    "reasoning_ref": "equity_scout rel5=0.001481 rel15=0.001295 rel1h=0.000698 thr5=0.001000 baseline=SPY",
    "features": {
      "alpha_features": {
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        "side_mult": 1,
        "symbol_5m_bps": 16.062032677928638,
        "baseline_5m_bps": 1.2492008788500943,
        "rel_5m_bps": 14.812831799078541,
        "symbol_15m_bps": 17.35662321355923,
        "baseline_15m_bps": 4.410337831877253,
        "rel_15m_bps": 12.946285381681976,
        "symbol_1h_bps": 1.1060723371298424,
        "baseline_1h_bps": -5.874405216471499,
        "rel_1h_bps": 6.980477553601342,
        "sym_vol": 0.0001443876842752737,
        "sym_vol_bps": 1.443876842752737,
        "base_vol": 0.00005683465851684724,
        "base_vol_bps": 0.5683465851684724,
        "assumed_spread_bps": 1,
        "slippage_bps": 3,
        "fee_bps": 10,
        "safety_margin_bps": 2,
        "tick_age_s": 0.013608,
        "hour_utc": 19,
        "dow_utc": 4,
        "is_weekend": 0
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      "alpha_model": {
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        "model_version": "heuristic_v0",
        "horizon": "15m",
        "expected_edge_bps": 16.432198809127563
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      "position_sizing": {
        "mode": "vol_target",
        "target_risk_usd": 1.25,
        "vol_1h": 0.002739563690322859,
        "k": 8,
        "min_notional_usd": 25,
        "max_notional_usd": 50,
        "fallback_notional_usd": 25,
        "raw_notional_usd": 57.034629474734295,
        "clamped_notional_usd": 50,
        "approx_risk_per_usd_notional": 0.021916509522582873,
        "approx_realized_risk_usd": 1.0958254761291437,
        "used_fallback": false,
        "paper_capital_usd": 500,
        "risk_bps_per_trade": 25,
        "vol_sample_interval_seconds": 10
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      "rel_strength": {
        "baseline_symbol": "SPY",
        "threshold_5m": 0.001,
        "moves": {
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            "rel_move": 0.0014812831799078541
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          "15m": {
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            "rel_move": 0.0012946285381681976
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          "1h": {
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            "baseline_move": -0.0005874405216471499,
            "rel_move": 0.0006980477553601342
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      "edge_components": {
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        "fee_bps": 10,
        "safety_margin_bps": 2,
        "total_cost_bps": 16,
        "net_edge_bps": 0.4321988091275628,
        "gate_pass": true,
        "gate_applied": true,
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        "cost_assumptions": {
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          "fee_bps": 10,
          "fee_bps_assumed": 10,
          "fee_included_in_expected_edge": false,
          "safety_margin_bps": 2,
          "spread_is_assumed_one_way": true
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        "tick_age_s": 0.013608,
        "expected_edge_inputs": {
          "rel5_bps": 14.812831799078541,
          "rel15_bps": 12.946285381681976,
          "rel1h_bps": 6.980477553601342
        }
      },
      "tick": {
        "symbol": "AAPL",
        "price": 271.26,
        "timestamp": "2025-12-19T19:16:48.215016Z",
        "source": "finnhub-quote"
      },
      "guardrails": {
        "require_market_hours": true,
        "cooldown_seconds": 900,
        "max_tick_age_seconds": 60,
        "market_tz": "America/New_York"
      }
    }
  },
  "fills": [
    {
      "ask": 0,
      "bid": 0,
      "fee": 0.05,
      "mid": 271.26,
      "paper_slippage_bps_vs_mid": 1.0333961404784795,
      "price": 271.2880319037066,
      "quantity": 0.18430595573691747,
      "tick_source": "finnhub-quote"
    }
  ],
  "desk_id": "equities_momentum",
  "desk_name": "Equities Momentum Desk",
  "risk_context": {
    "cap_key": "AAPL",
    "max_notional_usd": 50,
    "notional_utilization": 1,
    "fees_usd": 0.05,
    "fees_bps": 10,
    "paper_avg_slippage_bps_vs_mid": 1.0333961404784795,
    "paper_mid_price": 271.26
  }
}