Subject
5 entries
Markets
Bookmarks
Overlay V1 Core: Stability and Robustness for Data-Stream Derivative Markets
Technical paper extending the Overlay Protocol — a decentralized system for creating derivative markets on any data stream — with a three-part risk framework: funding payments, bid-ask pricing, and circuit breakers. The key challenge is managing the risk that any market can have unbounded open interest against the protocol's treasury.
An Intern's Guide to Trading
A Nasdaq primer on trading mechanics for interns entering financial firms — order types, market microstructure basics, and how professional trading differs from retail investing. Good orienting material before entering a trading-adjacent role.
HFT — High-Frequency Trading
Scarce Capital's explainer on high-frequency trading — how co-location, order types, and microsecond latency advantages let HFT firms extract value from modern equity markets. A critical but fair-minded overview of a frequently misunderstood practice.
What Happens to Stolen Bicycles?
Priceonomics investigation into what actually happens to stolen bicycles — using Craigslist data and stings to map the informal market. One of the early data journalism pieces that made Priceonomics a destination for data-driven takes on everyday questions.
A High Frequency Trader's Apology, Pt 1
Chris Stucchio's defense of high-frequency trading — arguing HFT provides liquidity and tightens spreads rather than front-running retail investors. A careful, data-driven pushback against the popular villain narrative.