Insights
Notes from the firm.
Process, methodology, and technology. Firm-signed. Event-driven.
Updated 2026-Q2
Insights
Technology
Cross-venue reconciliation: designing a matching engine that tolerates divergence
Alpha Equations ·
A matching engine that classifies divergence into three structural categories achieves near-real-time auditability across multiple execution venues.
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Latency Anomaly Detection as a Distinct Engineering Layer
Alpha Equations ·
Detection of latency anomalies sits above measurement correctness. Percentile-ratio rules catch gradual degradation that absolute thresholds miss.
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WebSocket head-of-line blocking in market-data feeds
Alpha Equations ·
WebSocket feeds inherit TCP ordering constraints that create silent latency spikes during volatility. Connection multiplexing bounds the blast radius.
ReadProcess
Back-testing as a market-entry gate
Alpha Equations ·
How the firm evaluates new digital-asset markets before committing capital.
ReadMethodology
Funding-rate arbitrage as market-neutral alpha
Alpha Equations ·
Why funding-rate arbitrage captures a financing rate, not a price direction.
ReadTechnology
Microsecond-tier execution in a multi-venue environment
Alpha Equations ·
What sub-millisecond execution requires in a multi-venue environment.
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