Author

V. Nagarajan

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Preprint Aug 2026

REFLEX: Reflexive Equilibrium Fixed-point Learning for Endogenous eXchanges

REFLEX combines three measurable features of dealer behavior into a single retraining modulus, a pre-deployment stability margin estimated from a desk's own quote and execution history that predicts whether repeated retraining will converge or amplify itself, which turns an abstract convergence theorem into a market-le...

V. Nagarajan, Shriraghav Ashok · 0 citations