1/ Today we’re excited to announce our $9.5M seed round, led by Yuri Sagalov (@yuris) of General Catalyst alongside Paul Graham (@paulg), @ycombinator , and a group of incredible partners and angels.
Nice to be mentioned by efinancialcareers in this article covering life after quant.
Although, as you'll see below, GPT Astra was so mind-blowing that we couldn't quite resist leaving trading fully :-p
https://t.co/xibXihTV6a
Exchanges are S-tier software businesses.
With AI rapidly eroding engineering moats (we run one with a grand total of 5 engineers), network effects are the only things that matter for long-term retention.
Any trading product that is building a UI/frontend/broker/B-Book is doomed to compete in an ever-tightening noose of CAC.
Liquidity is the only option for viability. Matching models that do not maximize for passive liquidity from a differentiated user base are unviable.
CLOBs are one example that work, put they suffer from a 'leaky hand' problem.
Sophisticated trading firms don't want to place alpha-based orders into an order book with public market data, for fear of 'leaking' their model edge before they get filled.
In this case, alternative trading systems (aka dark pools) can provide genuinely better liquidity inside the spread. Everyone wins.
Something for @QFEX to think about as we scale.
It's integration season at QFEX!
Install @HangukQuant 's python library for easy-to-use multi-exchange strategies with tutorials here -->
https://t.co/BACMrv5a4W
QFEX is now live on KBot.
24/7 perps on US stocks, indices and commodities, now with KBot's automations:
🔲 Grid bots on QFEX markets
💧 Funding Farm: hedge a stock on QFEX against the same perp on another exchange and collect the funding gap
RWAs, around the clock, on autopilot.
@QFEX
1/ MöB x QFEX is live.
@QFEX runs 24/7 perps on global equities, indices and commodities, plus pre-IPO markets like OpenAI and Anthropic. You can now trade them through MöB, alongside your positions on other venues.
Our third Loss Refund Campaign has officially wrapped up, and the results are in
Selected traders have already received their refunds directly in their accounts and have been notified. Congratulations to all the winners!
Week 4 is now live. Registration does not carry over from previous campaigns, so make sure to register again through the Rewards Hub to qualify.
I think crypto’s biggest contribution will be better financial systems.
Perps are just one example, but there are lots of ideas borrowed from 'crypto' that don't need a blockchain at all.
QFEX’s new referral program is now live!
We’re replacing invite codes with referral links.
Earn up to 20% from direct referrals, plus 4% and 2% from indirect referrals. Referred traders get 10% off on fees, and rewards are settled daily.
Check out the docs for more details