ENTITY: GTS
DATE: 13-03-2026

**Forensic Audit Memo – GTS (Market Making & Trading)**

1. **Objective**: Conduct a forensic review of GTS trading activities to assess compliance with market-making protocols, detect anomalies in execution strategies, and validate risk controls.

2. **Scope**: Examine order flow, latency metrics, and P&L attribution for the past 12 months, with focus on high-frequency trading (HFT) and algorithmic execution.

3. **Methodology**: Deploy quantitative analysis (e.g., Sharpe ratios, fill rates) and transaction-level reconciliation against exchange data feeds.

4. **Deliverables**: Report findings, including deviations from benchmarks, regulatory risks, and recommendations for operational enhancements.

**Approval Required**: [Name/Role]
**Deadline**: [Date]

*Confidential – Internal Use Only*

[NOTARIZED BY 2A AGENCY]