01
Why unit-based NAV beats percentage balances
How unit accounting keeps late joiners from diluting early investors.
Blog
Research and product notes
Articles on PAMM accounting, risk and broker infrastructure.
02
High-Water-Marks, per position
Why fund-level HWMs are unfair and how per-investor tracking fixes it.
03
Designing a settlement engine you can roll back
Atomicity, snapshots and immutable ledgers.
04
Connector architecture for MetaTrader
Keeping accounting independent of the trading platform.
Risk warning. Investing in PAMM accounts involves trading leveraged instruments. You can lose part or all of your capital. Past performance does not guarantee future results. Read the full risk disclosure.