{
  "request_id": "7598ef81-d75f-45b4-a9d9-6435097d2db4",
  "timestamp": "2025-12-19T20:56:02.518713+00:00",
  "status": "REJECTED",
  "strategy_id": "equity-scout-v1",
  "asset_class": "equity",
  "symbol": "AAPL",
  "side": "long",
  "notional": 25,
  "quantity": 0,
  "price": 0,
  "fees": 0,
  "reason": "REJECTED: Daily notional cap exceeded for 'equity-scout-v1' used=197.13 + intent=25.00 > cap=200.00",
  "thesis": {
    "intent_id": "7598ef81-d75f-45b4-a9d9-6435097d2db4",
    "thesis_id": "0b395044-8d88-4b66-b9fb-e493f3760d1a",
    "created_at": "2025-12-19T20:56:02.404396+00:00",
    "strategy_id": "equity-scout-v1",
    "agent_name": "equity-scout",
    "run_id": null,
    "asset_class": "equity",
    "symbol": "AAPL",
    "side": "long",
    "notional": 25,
    "confidence": 0.55,
    "expected_horizon": "1h",
    "summary": "Equity Scout AAPL vs SPY: rel5=0.58% rel15=0.61% rel1h=0.21% (thr5=0.10%) -> BUY",
    "reasoning_ref": "equity_scout rel5=0.005766 rel15=0.006059 rel1h=0.002104 thr5=0.001000 baseline=SPY",
    "features": {
      "alpha_features": {
        "side": "long",
        "side_mult": 1,
        "symbol_5m_bps": 64.72132845149599,
        "baseline_5m_bps": 7.058823529412032,
        "rel_5m_bps": 57.66250492208396,
        "symbol_15m_bps": 63.23262951595531,
        "baseline_15m_bps": 2.6458915184486798,
        "rel_15m_bps": 60.58673799750663,
        "symbol_1h_bps": 16.56299458942135,
        "baseline_1h_bps": -4.480122211857634,
        "rel_1h_bps": 21.04311680127898,
        "sym_vol": 0.0008989067376889939,
        "sym_vol_bps": 8.989067376889938,
        "base_vol": 0.0001187674222956546,
        "base_vol_bps": 1.187674222956546,
        "assumed_spread_bps": 1,
        "slippage_bps": 3,
        "fee_bps": 10,
        "safety_margin_bps": 2,
        "tick_age_s": 0.016188,
        "hour_utc": 20,
        "dow_utc": 4,
        "is_weekend": 0
      },
      "alpha_model": {
        "model_type": "heuristic_v0",
        "model_version": "heuristic_v0",
        "horizon": "15m",
        "expected_edge_bps": 66.41033701704706
      },
      "position_sizing": {
        "mode": "vol_target",
        "target_risk_usd": 1.25,
        "vol_1h": 0.017055556171012457,
        "k": 8,
        "min_notional_usd": 25,
        "max_notional_usd": 50,
        "fallback_notional_usd": 25,
        "raw_notional_usd": 9.161237454429177,
        "clamped_notional_usd": 25,
        "approx_risk_per_usd_notional": 0.13644444936809966,
        "approx_realized_risk_usd": 3.4111112342024916,
        "used_fallback": false,
        "paper_capital_usd": 500,
        "risk_bps_per_trade": 25,
        "vol_sample_interval_seconds": 10
      },
      "rel_strength": {
        "baseline_symbol": "SPY",
        "threshold_5m": 0.001,
        "moves": {
          "5m": {
            "symbol_move": 0.006472132845149599,
            "baseline_move": 0.0007058823529412032,
            "rel_move": 0.005766250492208396
          },
          "15m": {
            "symbol_move": 0.006323262951595531,
            "baseline_move": 0.000264589151844868,
            "rel_move": 0.006058673799750663
          },
          "1h": {
            "symbol_move": 0.001656299458942135,
            "baseline_move": -0.00044801222118576346,
            "rel_move": 0.002104311680127898
          }
        }
      },
      "edge_components": {
        "expected_edge_bps": 66.41033701704706,
        "spread_bps": 1,
        "slippage_bps": 3,
        "fee_bps": 10,
        "safety_margin_bps": 2,
        "total_cost_bps": 16,
        "net_edge_bps": 50.410337017047055,
        "gate_pass": true,
        "gate_applied": true,
        "assumed_spread_bps": 1,
        "cost_assumptions": {
          "slippage_bps": 3,
          "fee_bps": 10,
          "fee_bps_assumed": 10,
          "fee_included_in_expected_edge": false,
          "safety_margin_bps": 2,
          "spread_is_assumed_one_way": true
        },
        "tick_age_s": 0.016188,
        "expected_edge_inputs": {
          "rel5_bps": 57.66250492208396,
          "rel15_bps": 60.58673799750663,
          "rel1h_bps": 21.04311680127898
        }
      },
      "tick": {
        "symbol": "AAPL",
        "price": 272.14,
        "timestamp": "2025-12-19T20:56:02.386392Z",
        "source": "finnhub-quote"
      },
      "guardrails": {
        "require_market_hours": true,
        "cooldown_seconds": 900,
        "max_tick_age_seconds": 60,
        "market_tz": "America/New_York"
      }
    }
  },
  "fills": [],
  "desk_id": "equities_momentum",
  "desk_name": "Equities Momentum Desk",
  "risk_context": {
    "cap_key": "AAPL",
    "max_notional_usd": 50,
    "notional_utilization": 0.5,
    "fees_usd": 0,
    "fees_bps": 0,
    "paper_avg_slippage_bps_vs_mid": null,
    "paper_mid_price": null
  }
}