Stat Arb
@quant_arb
MFT & HFT | Views my own. Not financial advice.
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5. How can I use cross-exchange liquidity to not get detected?
If I take on 10 exchanges at once I will get detected, but if I can get 5x the liquidity doing this then better to do it all in one with 5x liquidity than in 5 clips on one exchange.
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Some tips on how not to be an idiot with execution like Alameda:
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I remember hearing from multiple ppl (who had used them) that Alameda's execution desk wouldn't even randomize the order sizes/frequency, just lobbing equally sized clips at regular intervals.
No attempt at hiding flow/matching liquidity.
The ironic part was that there wasn't much to indicate people were detecting them even despite the fact that their execution was worse than a standard VWAP algo.
Looking back, this was an early warning sign, but all I could think was, "hahaha I'm going to front-run these losers"
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I remember hearing from multiple ppl (who had used them) that Alameda's execution desk wouldn't even randomize the order sizes/frequency, just lobbing equally sized clips at regular intervals.
No attempt at hiding flow/matching liquidity.
The ironic part was that there wasn't much to indicate people were detecting them even despite the fact that their execution was worse than a standard VWAP algo.
Looking back, this was an early warning sign, but all I could think was, "hahaha I'm going to front-run these losers"
Show more
Yeah I give up with ideas to try and salvage FTX if SBF, Caroline, and “Goth Titties” are just going to play League this whole time. Nobody is getting their money back after seeing this 😂
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