A firm’s book across every venue it operates on, which no venue publishes.Note 8
Half a million registrations, and 69 servers that answer when a client actually connects. These are not four stages of one pipeline. An address can be paid for work having never declared an endpoint, and most of the paid ones have not, so the counts are printed beside one another rather than as a funnel that would claim each contains the next.
2,343 vaults are run by software, on evidence that differs from vault to vault. For some the fill log shows decisions arriving on a machine’s clock; for most it is the venue’s own declaration or the vault’s name. The count is broken out by grade, because one number described by its strongest evidence is a claim about vaults that do not carry it. Whether that software is a trading script or a language model is a claim, not a measurement, and none has been declared.Note 3