From raw broker data to governed decisions.
How HedgX turns MT5 data into evidence-based routing, exposure and hedging decisions — account by account, and across the book.
Every trader is an economic exposure.
Broker risk cannot be reduced to “winner = A-book, loser = B-book.” That logic is too simple to manage real broker exposure.
- A winning trader may be temporarily lucky.
- A losing trader may carry dangerous recovery risk.
- A profitable account may belong to a copy cluster.
- A small account may reveal a toxic strategy before it scales.
- Negative float today may become broker liability tomorrow.
Each trader reviewed across 10 dimensions
Five integrated stages — each more decisive than the last.
Each stage transforms broker reality into a more structured, more decisive input for the dealing function.
Data ingestion
- — MT5 reports
- — Deals & orders
- — Positions
- — Balance operations
- — Book / group mapping
Feature engineering
- — Economic features
- — Exposure features
- — Behavioural features
- — Relationship features
- — Data-quality features
Model layer
- — Behavioural class
- — Toxicity scoring
- — Tail-risk estimate
- — Cluster detection
- — Confidence
Decision layer
- — Routing review
- — Exposure adjustment
- — Options hedge trigger
- — Escalation
- — Action queue
Governance
- — Reason codes
- — Confidence gates
- — Audit trail
- — Reconciliation
- — Reporting
Every account, scored across nine dimensions.
Each decision is traceable to a specific score, reason code or confidence level.
01Classification
A · B · C · D02Confidence
0.00 – 1.0003Expected broker value
indexed Δ04Floating-risk score
0 – 10005Toxicity score
0 – 10006Cluster status
isolated · linked · master07Tail-risk estimate
indexed08Liquidity-cost impact
indexed Δ09Reason codes
audit stringNine questions HedgX answers, in real time.
Grouped into five decision domains — from data, through analysis, to action.
Beyond A and B. Four books.
A more advanced framework than simple A-book / B-book labels. Each book has explicit indicators and explicit handling.
- Evidence of a repeatable edge
- Adverse-selection signals
- Exposure the book should not carry
- Random retail flow
- No adverse-selection signal
- Manageable exposure
- Persistent negative expectancy
- No toxicity signals
- Managed with controls
- Verified, repeatable signal
- Specialist exposure handling
- Active monitoring and sizing
Closed client P&L is not enough.
Broker profitability is built from many components. HedgX attributes each one — including floating-P&L impact and what-if cost — to surface the true broker-side outcome.
A first-class risk input — not a footnote.
Closed P&L tells you what already happened. Floating exposure tells you what is about to happen — and where the broker actually carries risk.
Closed P&L can mislead
Profitable on closed P&L — yet carrying a major unrealised liability.
Apparently exposed — yet negative float may resolve into broker profit.
Floating exposure changes the real risk
Same P&L. Different risk.
Two accounts can show identical P&L with completely different exposure profiles. HedgX measures how — not just how much.
Normal retail flow
High-risk recovery system
Copy following
Event-window trader
Execution-sensitive flow
We do not only ask whether a trader won or lost — we ask what the behaviour means for the broker.
Routing follows strategy — not just P&L.
The same closed P&L can come from very different patterns. Each demands a different routing, exposure and monitoring decision — set per account, by confidence and exposure, under the broker's mandate.
Scalping
News trading
Grid systems
Martingale recovery
Swing trading
Copy following
Gambling behaviour
Chronic negative-EV
Execution-sensitive
Catch dangerous flow before it scales.
Some flow creates disproportionate broker risk — sensitive to price movement, execution conditions or volatile windows. HedgX surfaces it early, and HX Guard scores it inside the server.
Ten small accounts. One large exposure.
HedgX analyses trade similarity to surface coordinated risk hidden across accounts. Cluster behaviour is treated as a single economic exposure.
- Coordinated trade behaviour across accounts
- Leader / follower relationships
- Linked-account probability
- Cluster-level P&L
- Combined floating exposure
- Group / IB concentration
Acceptable per account. Dangerous in aggregate.
Risk managed at book level — not just account level. HedgX evaluates concentration across five portfolio dimensions.
By symbol
By book
By account
Campaign exposure
Open positions
What if the decision had been different?
A strong dealing function studies alternative outcomes — not just actual results. HedgX measures missed P&L, loss avoided and forward-policy delta.
What the market expects — against what the book holds.
HedgX tracks prediction-market pricing on upcoming economic, corporate and geopolitical events and maps each outcome to live A-book and B-book exposure — a forward view of sentiment before the event reaches price.
| Event | Category | Implied probability | 24h Δ | Symbols affected | Book exposure | Signal |
|---|---|---|---|---|---|---|
| FOMC decision — rates held | Macro | 72% | +6pp | USD majors · US indices | B-book net long US500 | Monitor |
| US CPI prints above consensus | Macro | 41% | +9pp | XAUUSD · EURUSD | B-book net long XAUUSD | Review |
| ECB delivers rate cut | Macro | 64% | −3pp | EURUSD · GER40 | A-book balanced | Normal |
| Mega-cap earnings beat | Micro | 58% | +4pp | NAS100 · US equities | B-book net short NAS100 | Review |
| Trade-tariff escalation | Geopolitical | 28% | +11pp | XAUUSD · USDCNH · indices | B-book concentrated in gold | Escalate |
| Regional ceasefire agreed | Geopolitical | 35% | −5pp | Crude oil · XAUUSD | B-book net long USOIL | Monitor |
Aggregate
Map
Overlay
Flag
Act
Sentiment on news, macro and geopolitical events becomes a measurable input to routing, leverage windows and hedging — not an afterthought once the move has happened.
Two mistakes. Both expensive.
Hedging is not a binary good. The correct decision depends on risk-adjusted economics — measured across the full execution stack.
Over-hedging flow that should be internalised.
Under-hedging flow that creates asymmetric risk.
Internalise the flow — and buy the tail. Options overlay →
One risk layer.
From how HedgX positions the broker, through the intelligence and hedging that drive decisions, to the infrastructure and partnership that deliver them.
- IPositioningInstitutional risk discipline, operated for you→
- IIRisk IntelligenceFrom raw broker data to governed decisions● current
- IIIOptions OverlayCap the downside. Keep the book→
- IVInfrastructure & GovernanceReconcile before deciding→
- VTechnologyExecution and surveillance, built into the server→
- VIPartnershipFour phases. One trajectory→
Options overlay.
Cap the downside. Keep the book.