Written by the people doing the work, about the parts that are genuinely hard. No gated whitepapers, no vendor talking points.
Desks argue about which execution algorithm to use and settle the benchmark in a sentence. The benchmark is the more consequential decision.
Read the articleDesks argue about which execution algorithm to use and settle the benchmark in a sentence. The benchmark is the more consequential decision.
Research culture rewards finding predictive signals. Returns are decided afterwards, in sizing, correlation and turnover — the part that gets the least attention.
HFT conversations default to speed. For a passive book, the more useful questions are where you sit in the queue and what it means when you finally get filled.
A strategy that looked excellent in research and disappointed in production usually did not break. It was never as good as the backtest said.
Speed decides the outcome in some strategies and is an expensive distraction in others. The useful question is where your microseconds go, and whether losing them costs you anything.
The people who write these are the people who would run your engagement.
