Heimdall

Every order, executed in line.

Heimdall is the broker-dealer* inside Street. Compliance runs before the trade, not after it.

*Registration in progress.

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HHeimdall
DKRS09:41:02 ET
RulesDeskOversight

Execution ruleset · set once, enforced always

When

Order received

any market · any side

Run

  • KYC & sanctions screen
  • Investor accreditation
  • Issuer transfer rules
  • Best execution scan

Order queue

  • 84-40-5000Sell 5,000Admitted
  • 84-41-1200Buy 1,200Screening
  • 84-39-9750Sell 9,750Pre-cleared
Every order passes the full rule set before reaching the book4 / 4

How orders match.

Best price first, then earliest order. The engine has no discretion, and every match clears at the resting price.

Matching EnginePrice-time · 0.4 ms median
#Resting bidArrivedAllocated
  • 184.4009:40:112,000 sh
  • 284.4009:40:581,750 sh
  • 384.2509:39:471,250 sh
Best price first, then earliest · no discretion5,000 / 5,000
SIncoming · Sell 5,000 · limit 84.25

One price, both sides.

Crossing orders fill as riskless-principal matches. No spread taken in the middle.

One price

SELL 5,000 sh84.40BUY 5,000 sh
Order value$422,000
Platform fee$4,220
Net proceeds$417,780

Riskless principal · no spread taken · filled in 0.4s

Fills become records.

Execution writes straight to the transfer ledger. Settlement is a write, not a workflow.

Fill printedWritten to Mimirv8,214

ORD-4821 · EVT-2914 · 09:41:02.407 ET

Buyer is holder of record the moment the register turns.

The venue before the IPO.