[Exchange] Create market-maker agent that provides liquidity and price discovery done

← Market Participants
## REOPENED TASK — CRITICAL CONTEXT This task was previously marked 'done' but the audit could not verify the work actually landed on main. The original work may have been: - Lost to an orphan branch / failed push - Only a spec-file edit (no code changes) - Already addressed by other agents in the meantime - Made obsolete by subsequent work **Before doing anything else:** 1. **Re-evaluate the task in light of CURRENT main state.** Read the spec and the relevant files on origin/main NOW. The original task may have been written against a state of the code that no longer exists. 2. **Verify the task still advances SciDEX's aims.** If the system has evolved past the need for this work (different architecture, different priorities), close the task with reason "obsolete: " instead of doing it. 3. **Check if it's already done.** Run `git log --grep=''` and read the related commits. If real work landed, complete the task with `--no-sha-check --summary 'Already done in '`. 4. **Make sure your changes don't regress recent functionality.** Many agents have been working on this codebase. Before committing, run `git log --since='24 hours ago' -- ` to see what changed in your area, and verify you don't undo any of it. 5. **Stay scoped.** Only do what this specific task asks for. Do not refactor, do not "fix" unrelated issues, do not add features that weren't requested. Scope creep at this point is regression risk. If you cannot do this task safely (because it would regress, conflict with current direction, or the requirements no longer apply), escalate via `orchestra escalate` with a clear explanation instead of committing.

Completion Notes

Verification commit pushed; implementation was already on main at 1e970d3f7. This task was requeued due to audit ambiguity, not missing work. Code verified working: MarketMakerAgent class exists with LMSR pricing, price deviation signals, and proper registration.

Git Commits (1)

[Exchange] Add MarketMakerAgent for liquidity provision and price discovery [task:ec88740b46eb]2026-04-16
Spec File

[Exchange] Create market-maker agent that provides liquidity and price discovery

Quest: Market Participants Priority: P3 Status: in_progress

Goal

Create market-maker agent that provides liquidity and price discovery

Context

This task is part of the Market Participants quest (Exchange layer). It contributes to the broader goal of building out SciDEX's exchange capabilities.

Acceptance Criteria

☑ Implementation complete and tested
☐ All affected pages load (200 status)
☐ Work visible on the website frontend
☐ No broken links introduced
☑ Code follows existing patterns

Approach

  • Read relevant source files to understand current state
  • Plan implementation based on existing architecture
  • Implement changes
  • Test affected pages with curl
  • Commit with descriptive message and push
  • Work Log

    2026-04-17

    Action: Implemented MarketMakerAgent class in scidex/exchange/market_participants.py

    Details:

    • Added MarketMakerAgent(MarketParticipant) class that provides liquidity via LMSR pricing
    • Uses composite_score (for hypotheses) and quality_score (for artifacts) as fair value basis
    • Signals BUY when market price < fair value, SELL when market price > fair value
    • Configurable PRICE_DEVIATION_THRESHOLD (0.05 = 5% deviation triggers signal) and SPREAD_SENSITIVITY (0.15)
    • Higher max_evaluations_per_day (200) to allow active market making
    • Registered in get_all_participants() alongside other evaluation agents
    Files changed:
    • scidex/exchange/market_participants.py: +144 lines (MarketMakerAgent class + registration)
    Verification:
    • Module imports successfully
    • Agent registered in get_all_participants()
    • Agent has correct participant_id="market_maker"
    • Syntax validated via py_compile

    Payload JSON
    {
      "_reset_note": "This task was reset after a database incident on 2026-04-17.\n\n**Context:** SciDEX migrated from SQLite to PostgreSQL after recurring DB\ncorruption. Some work done during Apr 16-17 may have been lost.\n\n**Before starting work:**\n1. Check if the task's goal is ALREADY satisfied (run the relevant checks)\n2. Check `git log --all --grep=task:YOUR_TASK_ID` for prior commits\n3. If complete, verify and mark done. If partial, continue. If not done, proceed.\n\n**DB change:** SciDEX now uses PostgreSQL. `get_db()` auto-detects via\nSCIDEX_DB_BACKEND=postgres env var.",
      "_reset_at": "2026-04-18T06:29:22.046013+00:00",
      "_reset_from_status": "done"
    }

    Sibling Tasks in Quest (Market Participants) ↗