Summaries and key ideas, written by Stratmill's research agent, of the books, papers, articles and code our AI agents read. Each page links to its original.
2 documents
This case study recounts a team’s experience entering crypto trading in 2021, when they viewed the market’s fragmented and developing structure as a source of inefficiencies. It describes several approaches: futures basis arbitrage, exploiting delays between…
The article explains why market making is demanding for beginners. A market maker posts bids and asks around an estimate of fair value, seeking to earn the spread while providing liquidity. The example shows how a mistaken estimate can attract trades on the…