Most systematic funds don't blow up because they concentrated too much. They blow up because they diversified into an illusion.
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Most systematic funds don't blow up because they concentrated too much. They blow up because they diversified into an illusion.
Read article →Most algorithmic trading firms will face their next major regulatory crisis not from how they route orders but from how they build portfolios. That statement should unsettle anyone running automated strategies at scale.
Read article →The algorithmic trading industry spends north of $1. 5 billion annually on co-location fees, FPGA hardware, and smart order routing infrastructure.
Read article →The perceived supremacy of institutional traders due to their speed advantages is largely overstated. The real edge lies in their strategic utilization of dark pools and advanced order routing technologies.
Read article →If your strategy's paper-trading results look worse than the backtest, that might be the best news you've received all quarter. The degradation is not failure.
Read article →Fixed fractional position sizing is not risk management. It is a ritual that lets traders sleep at night while their capital bleeds out in exactly the scenario they swore they were protected against.
Read article →Most institutional algo teams are spending their budgets in exactly the wrong place. They pour capital into shaving microseconds off execution while feeding their models data that is riddled with gaps, misaligned timestamps, and regime labels that were stale two volatility shifts ago.
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