Seeking Partnership with Larger Firm

bone said:
Well, I guess that settles it then.

Hedge Funds and Proprietary Firms are only interested in scaling the living shit out of a trade.
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I'm not sure how it went from not scaling at the same rate, to not having scale at all.
I'm pretty sure there's an appetite out there for arb strats throwing off high seven figures into eight figures, even if at that scale it's not returning triple digits on AUM.

bone said:
You trade it yourself until it goes away. Because like all arbitrage it will and probably sooner than you'd like.
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I'm leaving more on the table than I'd prefer. I don't expect that this will go on quite like this forever. That's one of the reasons that I'm less interested to grow organically/slowly, as you originally suggested, building out an organization and infra. With that being said, I think there's still enough opportunity to go after currently for it to be interesting for another firm. And we'd of course be looking to add other opportunities to the pipeline as well.
 
Are you willing to relocate to the Chicago or NYC area ?

Are you willing to migrate everything over to another firm's trading system and risk platform?
 
MrMuppet said:
US based, so no derivatives then?
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Non-US domiciled. But in any case we're now an ECP, so that also changes things (albeit not for all venues). You had to figure that those Chicago hft shops that have become very active in crypto are doing something on the derivatives exchanges, no?
 
bone said:
Are you willing to relocate to the Chicago or NYC area ?

Are you willing to migrate everything over to another firm's trading system and risk platform?
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Already there. Would certainly consider it. Please PM if it's worth taking it further.
 
oversea said:
Non-US domiciled. But in any case we're now an ECP, so that also changes things (albeit not for all venues). You had to figure that those Chicago hft shops that have become very active in crypto are doing something on the derivatives exchanges, no?
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Yes, I know they're active in the derivatives space, since they trade via offshore entities. And even that is questionable as it is not only a regulation issue but also a FATCA one. So if the beneficial owner of the offshore entity is an US entity, the offshort derivatives exchange IMHO would be an FFI and had to report as well. So it's definitely a grey area, no?

So my question was if YOU have access to derivatives venues such as Deribit, FTX et al. in an 100% clean (no potential FATCA issue) way.
 
MrMuppet said:
Yes, I know they're active in the derivatives space, since they trade via offshore entities. And even that is questionable as it is not only a regulation issue but also a FATCA one. So if the beneficial owner of the offshore entity is an US entity, the offshort derivatives exchange IMHO would be an FFI and had to report as well. So it's definitely a grey area, no?

So my question was if YOU have access to derivatives venues such as Deribit, FTX et al. in an 100% clean (no potential FATCA issue) way.
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I'm going to send you a PM - trying to keep the thread on-task.
 
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