Jake O

Head of OTC @wintermute_t | Ex-Macro now Crypto, Vol & Derivatives. Keynesian beauty contest participant & amateur Crossfit athlete. Views are my own

[Jake O @JO_wintermute]

One bull (and a bronze statue)….

Great to touch down at the NYSE this morning and talk shop with @FINTECHTVglobal 🎙️

[wayne nelms @wayne_nelmz]

2026 has been the year of subsidized compute.

2027 will show the reality of compute economics.

[Ron Hammond @RonwHammond]

Pretty surreal feeling having a crypto party on the floor of the @NYSE. Already tripled in size at @wintermute_t US in a year and more growth to come!

[Jake O @JO_wintermute]

@schmosby_xbt Can help - DM

[Wintermute @wintermute_t]

(•_•) We're also hiring...

( •_•)>⌐■-■

(⌐■_■) Business Development Manager
(Sports / Prediction Markets)

📍 London / New York / Remote
Apply → https://t.co/OsCJFMEiit

[wishful_cynic @EvgenyGaevoy]

4 days left to apply!

[Jake O @JO_wintermute]

@joshua_j_lim @FalconXGlobal @paretocredit @M11Credit Haters will say AI generated this pic… gg

[Jake O @JO_wintermute]

One of the cleanest benefits of 24/7 trading + atomic settlement is capital efficiency, especially in margin management...

Pleased to share we now accept @xStocksFi as collateral for derivatives trades!

[Wintermute @wintermute_t]

xStocks are live on Wintermute's OTC desk

@xStocksFi are now accepted as collateral under our dynamic margin methodology

You can post them to margin your derivatives trading with us and to increase your spot intraday credit line

[Jake O @JO_wintermute]

Oh boy

[Paulo Macro @PauloMacro]

Gang.

The cover of the fuking Economist is literally Jensen as a magician

[Christopher Perkins 🦅🌎⚓️NYC @perkinscr97]

Not enough people are talking about the collateral utility unlocked through tokenization.

Tokenized collateral will release $billions of stagnant, inert high quality, liquid assets back into the economy while ironically reducing risk.

How is this possible?

Usually, if you want to reduce risk, you actually increase collateral and decrease capital efficiency. This is intuitive; it makes sense. Cleared swaps often require 7 days of risk; uncleared swaps…10 days. Together, these pool are ~$1 trillion in size. (Not small).

Why so many days? Well, it comes down to a few things.

First, traditional markets close. If you have an insolvency going into a long weekend, you already lose 3 days.

Second, during a period of insolvency, typically there is an attempt to transfer or port collateral to a solvent counterparty. This is clunky.

Finally, liquidity matters as you delta hedge the book.

Through 24/7 markets, you get your 3 days back. And that transferability thing? Much easier.

Glad to see the 💡going on at the @ecb.

[Jake O @JO_wintermute]

@reisnertobias @pear_protocol Correct, we take a spread but significantly less than if you filled yourself on a single (or even multiple venues). Monetisation on these products is mostly on the collateral side not premium/discount FWIW

[Jake O @JO_wintermute]

@choffstein @ScottPh77711570 *face - rugged

[Jake O @JO_wintermute]

@choffstein @ScottPh77711570 Hey y’all. Corey is right - it’s currently an OTC swap vs Defi product so all trades current flace us as a counterparty. Wider rollout to include factor & more thematic baskets etc

[Jake O @JO_wintermute]

GG - thanks for hosting! @nicolas4vx

[Nic @nicolas4vx]

Paradigm poker night #2 yesterday

Ended up being biggest pnl vs 2 tables of traders from the best firms and hedge funds

If you think you can beat me we'll host next one mid September, dm for a seat

[Jake O @JO_wintermute]

@zhang_matt @HivemindCap Congrats!

[Jake O @JO_wintermute]

Fear & Greed overlays are circulating again. Two things worth stating. The index is built largely from trailing price, vol and volume, so it prints red in drawdowns and green in rallies by construction - colour-coding spot by regime is close to circular.

Conditioning forward returns on regime gives 1-2% at 30d (on a 45v annual asset!). Compare different periods and results flipflop so the number isn't stable ... OH and there are only 6-10 distinct episodes in each tail. Would not be building a strategy on this.

[Ryan Rossi | Horse @TheFlowHorse]

Hard assets right now.

[Karim @0xKarim]

fyi onchain nerds - every year @wintermute_t launches a series of onchain challenges that are really good. new batch is live

[Jake O @JO_wintermute]

JUST IN 🚨: A man was discovered with almost 90% of his brain missing, while living an almost normal life sharing on-chain movements from a market makers pubic wallet.

[Night Sky Today @NightSkyToday]

JUST IN 🚨: A Man was Discovered with almost 90% of his brain mass missing, while leading an almost normal life.