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Delta Neutral Hedging

We marry our quantitative foundation to discretionary risk management. Our systematic techniques are augmented by adaptive management of risk through secondary securities such as delta one derivatives, options, and other structured products which we trade via alternative trading systems, allowing us to source deeper liquidity. Through our tactical input, we aim to gain strategic exposure to idiosyncratic cryptoasset risk premia as a complement to our systematic strategies.

Details

Through the tactical use of options contracts traded over-the-counter, we maintain a constant downside hedge against the cryptoassets we hold in inventory.

Being a data-driven asset manager, we harness advanced derivative analytics to repeatably execute multi-leg block trades, further contributing to our active share.

While our high-frequency strategies minimize market impact through incremental liquidity provision, by opting to trade in post-trade impact environments such as dark pools and OTC markets, we also minimize impact in our discretionary strategies.