Learn from our latest articles on trading.
People say that hedge funds UNDERPERFORMED the S&P (+24%) but we will explain below why that is the WRONG conclusion to draw. Concepts covered: alpha, risk-adjusted returns, Sharpe ratio, leverage, volatility targets.
Almost all major electronic exchanges for every widely-traded asset class, whether it is equities, futures, FX, options, or even crypto, utilize order books. Having a deep understanding of how order books operate, their different characteristics, and understanding of other actors present on an order book are important skills to be successful as an HFT trader or quant.
CeFi or DeFi is better for crypto trading? Centralized exchanges offer security and trust with 96% market share. But recurring hacks and misdeeds sow doubts. Decentralized platforms enable transparent peer-to-peer transactions. Yet fragmented liquidity pools and bridge risks give pause. Neither path is clearly superior. As crypto market structure careens forward, users must choose wisely.
Between 13 equities exchanges, 16 options venues, 50 dark pools, and various futures platforms - that singular share price starts fragmenting pretty quickly! This dispersed market structure breeds fierce competition. And highly lucrative opportunities for those able to navigate its intricacies.
A pervasive concept in trading, exploring its impact on backtests, counterparty dynamics, speed advantages, and more.
Vici's inaugural newsletter delves into options trading, unraveling complexities with practical insights on contracts, pricing, and dynamics.
Original, and occasionally funny essays about trading concepts and interview process.
