@QFEX is now live in DeltaPulse Execute. Stocks, indices, gold, oil and pre-IPO names — with hourly funding — can now be traded delta-neutral directly from the terminal. Open the position, hedge it, and manage it in one place instead of jumping between platforms. Faster execution. Cleaner funding arb on non-crypto assets.

Desired Orders Are Not Live Orders In the next part of my series on building an HFT system, I talk about order tracking and some of the hidden race conditions that can bring an automated system to its knees. A must read!

Some FAQs on our Managed Account: 1/ It is NOT an LP vault of the type found in other perp dexes. LP vaults are typically a profit share on a zero-alpha internal market maker PnL. They have the obvious downside that if the LP returns are good, users are necessarily being ripped off on spreads and/or liquidations. Our Managed Account is a genuine mid-frequency equities strategy of the type run at major quant firms, with full-time staff working on constant iteration and improvement. Its AUM is limited only only by liquidity on the exchange, and therefore, by our ability to attract makers who can hedge in traditional markets. Since we launched the product, liquidity on Managed Account symbols has 5x'd during US hours. We expect similar improvements out of US hours as we launch different strategies there. 2/ Managed Account actually incentivizes us to IMPROVE liquidity. The strategy works on a 0.5bps slippage assumption. This is why we have gate-kept access for now, to ensure that we can attract more market makers as volume scales. 3/ We are running an exchange, not a fund. Our aim is to produce flow, attract market makers, and reach escape velocity on liquidity. Accordingly, in this early phase, Managed Account runs on ZERO taker fees, ZERO management fees, and ZERO performance fees as we focus solely on scaling volume. The backtest assumption was 1.5bps taker fees, and we will increase fees at some point, but right now, we are focussed on the best possible execution as we build our track record.

Loss Refunds are now live on QFEX. 20% of eligible losing traders will get 100% of their realized loss back, up to $2,000. Deposit at least $100 and make your first trade by Sunday at 23:59 UTC to qualify. How it works 🧵

A few days ago, we removed KYC for ordinary retail users. Now they can get exposure to global equities 24/7 with just three clicks: > Sign up > Deposit via @arbitrum > Start trading