Before revision:  Management includes hedging(requiring first- and second-order sensitivities), attribution (and re-attribution), and incremental changes together with their interactions. Incremental management is required throughout the trading day for multiple portfolio changes. We show that a combination of trade-level regression and global conditioning (exploiting the linearity of conditional expectations over filtrations) radically simplifies both the computation and also the implementation of the computations .
After revision:  Management includes hedging(requiring first- and tax), so management must also include XVA. In trading book management we focus on pricing, hedging, and also the implementation of the computations .