Plume ATS (Rooster)
Rooster operates as a FINRA-registered Alternative Trading System (ATS) using an automated market maker model with mandatory compliance hooks. Every pool operation — swaps, liquidity additions, and removals — passes through onchain KYC/AML, sanctions screening, and accreditation verification.
AMM Architecture
Rooster implements a concentrated liquidity AMM model, allowing liquidity providers to allocate capital within specific price ranges for improved capital efficiency. Custom fee tiers enable the platform to accommodate different asset classes and volatility profiles.
- Concentrated liquidity pools with custom ranges
- Multiple fee tiers (0.01%, 0.05%, 0.30%, 1.00%)
- Automated price discovery for non-NMS securities
- Capital-efficient liquidity provision
Compliance Hooks
Every interaction with the Rooster ATS triggers a series of compliance checks embedded directly in the smart contract execution path. These hooks are mandatory and cannot be bypassed.
- KYC/AML verification at every swap
- TRM Labs oracle-based sanctions screening
- Accreditation verification for Reg D securities
- Transfer restriction enforcement per security type
Market Surveillance
Real-time onchain surveillance monitors all ATS activity for manipulative trading patterns. Automated detection models identify wash trading, spoofing, layering, and front-running attempts.
- Automated wash trading detection
- Spoofing and layering pattern recognition
- Front-running detection and prevention
- Suspicious activity reporting (SAR) integration
Regulatory Reporting
Plume ATS maintains comprehensive reporting obligations including SEC Form ATS-R quarterly filings, FINRA Rule 4552 weekly volume reporting, and 17 CFR § 242.302 recordkeeping requirements.
- Form ATS-R quarterly reports to SEC
- FINRA Rule 4552 weekly volume reports
- 17 CFR § 242.302 recordkeeping compliance
- Fair access standards under Reg ATS Rule 301(b)(5)