FINRA TRACE Secondary Debt Tape & Single-CUSIP Collar Structuring
get_debt_radarRetrieves secondary-market FINRA TRACE dealer execution metrics (last clean price % of par, Z-spread over 10Y U.S. Treasury in bps, effective yield-to-worst %, dealer bid-ask spread in bps, and daily institutional block volume in USD) and solves a Black-Scholes zero-cost 1-year European option collar (put floor strike % and call cap strike %) for a single bond CUSIP or ticker. Use when: inspecting secondary-market dealer liquidity/spreads or structuring a zero-cost downside put / upside call collar for a single bond issue. Do not use when: calculating exact cashflow duration/convexity/DV01 for a custom face value (use get_cusip_valuation instead), or stress-testing a multi-bond portfolio across macro rate shocks (use run_portfolio_stress_test instead). Behavior: Read-only, deterministic market tape and option solver ($0.50 USD per call via apiKey or paymentToken; returns an x402/MPP paymentChallenge without charging if credentials are omitted).
Tool call template
This tool declares no required parameters. Add optional parameters from the input schema as needed.
{
"id": 1,
"jsonrpc": "2.0",
"method": "tools/call",
"params": {
"arguments": {},
"name": "get_debt_radar"
}
}Input Schema
| Name | Required | Description | Default |
|---|---|---|---|
| cusip | No | 9-character CUSIP identifier to query on the secondary debt tape (e.g., "912828ZG2", "037833EK1", "38141GZX8"; default: "912828ZG2"). | 912828ZG2 |
| apiKey | No | Optional Ariadne Nexus Developer API key ("nexus_live_...") for authenticated execution. May also be passed via the x-api-key HTTP header. | |
| ticker | No | Issuer ticker symbol to resolve if CUSIP is not specified (e.g., "RWA-AERO", "AAPL", "GS"; default: "RWA-AERO"). | RWA-AERO |
| paymentToken | No | Optional Stripe Shared Payment Token ("spt_...") or settled x402 payment receipt hash ("rcpt_...") for pay-per-call execution ($0.50 USD). | |
| benchmark_ust_yield | No | Reference 10-Year U.S. Treasury constant-maturity yield as a percentage used for spread and risk-free collar pricing (e.g., 4.15 for 4.15%; default: 4.15). |
Output Schema
| Name | Required | Description | Default |
|---|---|---|---|
| tape | Yes | FINRA TRACE secondary market execution and liquidity metrics. | |
| tool | Yes | Executed tool identifier ("get_debt_radar"). | |
| cusip | Yes | Resolved 9-character CUSIP identifier. | |
| ticker | No | Issuer ticker symbol. | |
| receipt | No | Cryptographic payment or API key settlement receipt ID. | |
| issuer_name | No | Legal name of the bond issuer. | |
| collar_structuring | Yes | Zero-cost 1-year European option collar strikes (% of par) solved via Black-Scholes. |