sentiment-engine/prod/exec_unified/router.py

"""The whether-maker policy machine (spec §6 urgency ladder).

Adjudication verdict (spec §17-A1, ratified here in code): the Router and SmartPlacer
are **complementary, not competitors**. The Router decides *whether* to rest as maker
and how hard to work the order (reprice budget, TTL discipline, give-up rule). The
SmartPlacer decides *where in the book* the maker quote sits — it plugs into the
``pre_submit`` seam (``wants_placement`` below) and is free to return a replacement
plan. Neither subsumes the other; this module is the Router half and knows nothing
about order books, offsets, or venues.

PURE: no I/O, no clock, no venue, no ambient state. ``decide()`` is a total function of
the request alone. Everything time/price-dependent is expressed as a *rule the drive
loop enforces* (§7), not as a value read here — that is what keeps this layer
parity-invisible and venue-side-portable (C1).

Provenance: prod/docs/SPEC_UNIFIED_EXEC_LAYER_20260714.md §4, §6, §17-A1.
"""
from __future__ import annotations

from dataclasses import dataclass
from decimal import Decimal
from enum import Enum

from . import _constants as K
from .contract import ExecutionRequest, UrgencyClass


class ExecutionMethod(Enum):
    MAKER = "MAKER"   # rest post-only (GTX); the only certified fill-improvement path (§4-16)
    TAKER = "TAKER"   # cross the spread now (MARKET / marketable)


class TtlDiscipline(Enum):
    IMMEDIATE = "immediate"      # act now, no resting (CATASTROPHIC)
    BOUNDED_MS = "bounded_ms"    # rest up to a fixed wall-clock bound, then cross (PROTECT)
    DEADLINE = "deadline"        # rest until caller's deadline_ms, then cross (ROTATE)
    UNBOUNDED = "unbounded"      # rest patiently; do NOT cross on expiry (ACQUIRE abandons)


@dataclass(frozen=True)
class RoutingDecision:
    """What the Router decided — the plan the drive loop executes (§7).

    Carries *rules*, not live values: ``max_ms`` is a bound the loop measures against
    its injected clock; the Router itself never reads a clock.
    """

    method: ExecutionMethod
    max_reprices: int              # chase budget; 0 = place-once (no chase)
    ttl: TtlDiscipline
    cross_on_expiry: bool          # on TTL/reprice exhaustion: cross (True) or abandon (False)
    wants_placement: bool          # invite SmartPlacer to set the offset (pre_submit seam)
    ignore_advice: bool            # advice is inadmissible (CATASTROPHIC only, by law)
    max_ms: int | None = None      # wall-clock bound for BOUNDED_MS; else None
    giveup_regression_frac: Decimal | None = None  # HARVEST: cross if regression eats this of unrealized
    rationale: str = ""

    def __post_init__(self) -> None:
        if self.max_reprices < 0:
            raise ValueError("max_reprices cannot be negative")
        if (self.ttl is TtlDiscipline.BOUNDED_MS) != (self.max_ms is not None):
            raise ValueError("max_ms must be set iff ttl is BOUNDED_MS")


def decide(request: ExecutionRequest) -> RoutingDecision:
    """Map urgency → routing policy. Total, pure, deterministic (spec §6).

    The five promises this enforces (spec §2.3): CATASTROPHIC is never delayed; WHAT is
    never changed (this function reads urgency, never mutates side/size/asset); advice is
    ignored for CATASTROPHIC by law.
    """
    u = request.urgency

    if u is UrgencyClass.CATASTROPHIC:
        # Taker MARKET immediately. No cleverness. Ever. Advice ignored by law (§6).
        return RoutingDecision(
            method=ExecutionMethod.TAKER,
            max_reprices=0,
            ttl=TtlDiscipline.IMMEDIATE,
            cross_on_expiry=True,
            wants_placement=False,
            ignore_advice=True,
            rationale="CATASTROPHIC: cross now, no resting, advice inadmissible",
        )

    if u is UrgencyClass.PROTECT:
        # Maker at touch, one reprice, ≤2 s total, then cross (§6).
        return RoutingDecision(
            method=ExecutionMethod.MAKER,
            max_reprices=K.PROTECT_REPRICE_LIMIT,
            ttl=TtlDiscipline.BOUNDED_MS,
            max_ms=K.PROTECT_MAX_MS,
            cross_on_expiry=True,
            wants_placement=True,   # at touch 2014 SmartPlacer places at best_bid/best_ask
            ignore_advice=False,
            rationale="PROTECT: maker@touch, 1 reprice, cross at 2s",
        )

    if u is UrgencyClass.HARVEST:
        # Maker at target ± SmartPlacer offset; chase ≤ N; give up on regression → cross (§6).
        return RoutingDecision(
            method=ExecutionMethod.MAKER,
            max_reprices=K.HARVEST_MAX_CHASES,
            ttl=TtlDiscipline.UNBOUNDED,     # bounded by chases + regression, not wall-clock
            cross_on_expiry=True,            # give-up crosses (harvest still wants the fill)
            wants_placement=True,
            ignore_advice=False,
            giveup_regression_frac=K.HARVEST_GIVEUP_REGRESSION_FRAC,
            rationale="HARVEST: maker@target±offset, chase<=N, cross on regression give-up",
        )

    if u is UrgencyClass.ROTATE:
        # Patient maker; TTL from caller's deadline_ms; cross at TTL (§6).
        return RoutingDecision(
            method=ExecutionMethod.MAKER,
            max_reprices=K.HARVEST_MAX_CHASES,   # patient chasing within the deadline
            ttl=TtlDiscipline.DEADLINE,
            cross_on_expiry=True,
            wants_placement=True,
            ignore_advice=False,
            rationale="ROTATE: patient maker, cross at caller deadline",
        )

    if u is UrgencyClass.ACQUIRE:
        # Patient maker inside spread; abandon, never chase (§4-1: a missed entry is free).
        return RoutingDecision(
            method=ExecutionMethod.MAKER,
            max_reprices=K.ACQUIRE_MAX_CHASES,   # == 0: no chase
            ttl=TtlDiscipline.UNBOUNDED,
            cross_on_expiry=False,               # ABANDON on expiry — do NOT cross
            wants_placement=True,
            ignore_advice=False,
            rationale="ACQUIRE: patient maker inside spread, abandon (never chase, never cross)",
        )

    raise ValueError(f"unhandled urgency {u!r}")  # unreachable given the enum is closed