One fused venue-consolidation spec, two bounded components, execution coded-but-suspended:
- Component A (centerpiece): a `vrp` sleeve rebuilt on REAL OPRA option data (XSP
put-credit-spreads, 2013→). Databento OPRA.PILLAR verified empirically (XSP/SPX bars
back to 2013-04-01). Put-call-parity forward + IV-inversion 20Δ strike + real-mark
defined-risk P&L, frozen into an xsp_option_bars PIT table. Wired to forward engine +
reconciliation gate + merged CVaR sizing + cockpit. Supersedes the parked flat-VIX
synthetic spec (biased placeholder).
- Component B (thin): UCITS-legal execution routing for the existing multistrat — modeled
track UNCHANGED (models US underlyings, long history); adds a US→UCITS instrument map +
`--venue ucits` execute path. PRIIPs blocks US ETFs on a Dutch retail account.
Both exec legs ship SUSPENDED (C1/C2/C3 pattern) — neither XSP options nor UCITS-Euronext
can be paper-executed on the US-style DU9600528 account. Crypto stays structurally on Bybit
(perp edges; IBKR can't host). Marks 2026-07-11 synthetic-VRP spec SUPERSEDED.
Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
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