diff --git a/piker/brokers/kraken.py b/piker/brokers/kraken.py
index 1a35c760..27e0cfe7 100644
--- a/piker/brokers/kraken.py
+++ b/piker/brokers/kraken.py
@@ -45,6 +45,7 @@ from ._util import resproc, SymbolNotFound, BrokerError
 from ..log import get_logger, get_console_log
 from ..data import ShmArray
 from ..data._web_bs import open_autorecon_ws, NoBsWs
+from ..clearing._paper_engine import PaperBoi
 from ..clearing._messages import (
     BrokerdPosition, BrokerdOrder, BrokerdStatus,
     BrokerdOrderAck, BrokerdError, BrokerdCancel,
@@ -691,71 +692,7 @@ async def trades_dialogue(
 
     # Authenticated block
     async with get_client() as client:
-        if client._api_key:
-            acc_name = 'kraken.' + client._name
-            trades = await client.get_trades()
-
-            position_msgs = pack_positions(acc_name, trades)
-
-            await ctx.started((position_msgs, (acc_name,)))
-
-            # Get websocket token for authenticated data stream
-            # Assert that a token was actually received 
-            resp = await client.endpoint('GetWebSocketsToken', {})
-            assert resp['error'] == []
-            token = resp['result']['token']
-
-            async with (
-                ctx.open_stream() as ems_stream,
-                trio.open_nursery() as n,
-            ):
-                ## TODO: maybe add multiple accounts
-                n.start_soon(handle_order_requests, client, ems_stream)
-
-                # Process trades msg stream of ws
-                async with open_autorecon_ws(
-                    'wss://ws-auth.kraken.com/',
-                    fixture=subscribe,
-                    token=token,
-                ) as ws:
-                    async for msg in process_trade_msgs(ws):
-                        for trade in msg:
-                            # check the type of packaged message
-                            assert type(trade) == Trade
-                            # prepare and send a status update for line update
-                            trade_msg = BrokerdStatus(
-                                reqid=trade.reqid,
-                                time_ns=time.time_ns(),
-
-                                account='kraken.spot',
-                                status='executed',
-                                filled=float(trade.size),
-                                reason='Order filled by kraken',
-                                # remaining='' # TODO: not sure what to do here.
-                                broker_details={
-                                    'name': 'kraken',
-                                    'broker_time': trade.broker_time
-                                }
-                            )
-                            
-                            await ems_stream.send(trade_msg.dict())
-
-                            # send a fill msg for gui update
-                            fill_msg = BrokerdFill(
-                                reqid=trade.reqid,
-                                time_ns=time.time_ns(),
-
-                                action=trade.action,
-                                size=float(trade.size),
-                                price=float(trade.price),
-                                # TODO: maybe capture more msg data i.e fees?
-                                broker_details={'name': 'kraken'},
-                                broker_time=float(trade.broker_time)
-                            )
-                            
-                            await ems_stream.send(fill_msg.dict())
-
-        else:
+        if not client._api_key:
             log.error('Missing Kraken API key: Trades WS connection failed')
             await ctx.started(({}, {'paper',}))
 
@@ -763,9 +700,85 @@ async def trades_dialogue(
                 ctx.open_stream() as ems_stream,
                 trio.open_nursery() as n,
             ):
+
+                client = PaperBoi(
+                    'kraken',
+                    ems_stream,
+                    _buys={},
+                    _sells={},
+
+                    _reqids={},
+
+                    # TODO: load paper positions from ``positions.toml``
+                    _positions={},
+                )
+
                 ## TODO: maybe add multiple accounts
                 n.start_soon(handle_order_requests, client, ems_stream)
 
+        acc_name = 'kraken.' + client._name
+        trades = await client.get_trades()
+
+        position_msgs = pack_positions(acc_name, trades)
+
+        await ctx.started((position_msgs, (acc_name,)))
+
+        # Get websocket token for authenticated data stream
+        # Assert that a token was actually received 
+        resp = await client.endpoint('GetWebSocketsToken', {})
+        assert resp['error'] == []
+        token = resp['result']['token']
+
+        async with (
+            ctx.open_stream() as ems_stream,
+            trio.open_nursery() as n,
+        ):
+            ## TODO: maybe add multiple accounts
+            n.start_soon(handle_order_requests, client, ems_stream)
+
+            # Process trades msg stream of ws
+            async with open_autorecon_ws(
+                'wss://ws-auth.kraken.com/',
+                fixture=subscribe,
+                token=token,
+            ) as ws:
+                async for msg in process_trade_msgs(ws):
+                    for trade in msg:
+                        # check the type of packaged message
+                        assert type(trade) == Trade
+                        # prepare and send a status update for line update
+                        trade_msg = BrokerdStatus(
+                            reqid=trade.reqid,
+                            time_ns=time.time_ns(),
+
+                            account='kraken.spot',
+                            status='executed',
+                            filled=float(trade.size),
+                            reason='Order filled by kraken',
+                            # remaining='' # TODO: not sure what to do here.
+                            broker_details={
+                                'name': 'kraken',
+                                'broker_time': trade.broker_time
+                            }
+                        )
+                        
+                        await ems_stream.send(trade_msg.dict())
+
+                        # send a fill msg for gui update
+                        fill_msg = BrokerdFill(
+                            reqid=trade.reqid,
+                            time_ns=time.time_ns(),
+
+                            action=trade.action,
+                            size=float(trade.size),
+                            price=float(trade.price),
+                            # TODO: maybe capture more msg data i.e fees?
+                            broker_details={'name': 'kraken'},
+                            broker_time=float(trade.broker_time)
+                        )
+                        
+                        await ems_stream.send(fill_msg.dict())
+
 
 async def stream_messages(
     ws: NoBsWs,