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We are hiring
In September, @QFEX made more money than we made in the previous 12 months.
So far in October (12 days), we have made more money than we did in September.
If working at a hypergrowth company building the future of finance appeals to you, we are hiring Research and Backend Engineers in London (visa sponsorship available) and New York.
Please see the job adverts at:
ycombinator.com/companies/qf…
Apply via the above, or DM me.
For some reason @WisprFlow doesn't work well with twitter DMs @tankots. The 2nd message gets missed every single time
30% APY
Some FAQs on our Managed Account:
1/ It is NOT an LP vault of the type found in other perp dexes. LP vaults are typically a profit share on a zero-alpha internal market maker PnL.
They have the obvious downside that if the LP returns are good, users are necessarily being ripped off on spreads and/or liquidations.
Our Managed Account is a genuine mid-frequency equities strategy of the type run at major quant firms, with full-time staff working on constant iteration and improvement.
Its AUM is limited only only by liquidity on the exchange, and therefore, by our ability to attract makers who can hedge in traditional markets. Since we launched the product, liquidity on Managed Account symbols has 5x'd during US hours.
We expect similar improvements out of US hours as we launch different strategies there.
2/ Managed Account actually incentivizes us to IMPROVE liquidity. The strategy works on a 0.5bps slippage assumption. This is why we have gate-kept access for now, to ensure that we can attract more market makers as volume scales.
3/ We are running an exchange, not a fund. Our aim is to produce flow, attract market makers, and reach escape velocity on liquidity.
Accordingly, in this early phase, Managed Account runs on ZERO taker fees, ZERO management fees, and ZERO performance fees as we focus solely on scaling volume.
The backtest assumption was 1.5bps taker fees, and we will increase fees at some point, but right now, we are focussed on the best possible execution as we build our track record.
ANTHROPIC pre IPO market has 0 maker fee on @QFEX
Trade 24/7/365
Anthropic has filed an S-1 registration statement with the SEC related to its proposed IPO.
Read more: anthropic.com/news/s1-sec
Legal disclaimer: A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This post does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Dark pools > RFQ
Exchanges are S-tier software businesses.
With AI rapidly eroding engineering moats (we run one with a grand total of 5 engineers), network effects are the only things that matter for long-term retention.
Any trading product that is building a UI/frontend/broker/B-Book is doomed to compete in an ever-tightening noose of CAC.
Liquidity is the only option for viability. Matching models that do not maximize for passive liquidity from a differentiated user base are unviable.
CLOBs are one example that work, put they suffer from a 'leaky hand' problem.
Sophisticated trading firms don't want to place alpha-based orders into an order book with public market data, for fear of 'leaking' their model edge before they get filled.
In this case, alternative trading systems (aka dark pools) can provide genuinely better liquidity inside the spread. Everyone wins.
Something for @QFEX to think about as we scale.
ash retweeted
Exchanges are S-tier software businesses.
With AI rapidly eroding engineering moats (we run one with a grand total of 5 engineers), network effects are the only things that matter for long-term retention.
Any trading product that is building a UI/frontend/broker/B-Book is doomed to compete in an ever-tightening noose of CAC.
Liquidity is the only option for viability. Matching models that do not maximize for passive liquidity from a differentiated user base are unviable.
CLOBs are one example that work, put they suffer from a 'leaky hand' problem.
Sophisticated trading firms don't want to place alpha-based orders into an order book with public market data, for fear of 'leaking' their model edge before they get filled.
In this case, alternative trading systems (aka dark pools) can provide genuinely better liquidity inside the spread. Everyone wins.
Something for @QFEX to think about as we scale.
ash retweeted
It's integration season at QFEX!
Install @HangukQuant 's python library for easy-to-use multi-exchange strategies with tutorials here -->
quantpylib.hangukquant.com/#…
This one's for all the TradFi bros. We brought perps to @GodelTerminal.
@QFEX and @HyperliquidX are now the only two perp venues integrated with Godel.
Trade directly from the terminal you already use.
Excited to announce that QFEX is now live on @GodelTerminal.
→ 230+ stocks
→ One terminal
→ 24/7/365
Powered by QFEX
#7 perp venue by volume and we don't list a single coin
No BTC, no ETH, no memes. Just stocks, indices and commodities on
We are just getting started
@QFEX is the #7 perp DEX by daily volume and doesn't list a single coin.
Last 24h:
1. @HyperliquidX $7.51B
2. @variational_io $3.44B
3. @Lighter_xyz $2.61B
4. @Aster_DEX $1.64B
5. @edgeX_exchange $622M
6. @verantaxyz $555M
7. QFEX $479M
It's ahead of Nado, Pacifica and Grvt while listing only stocks, indices and commodities, open 24/7.
Is non-crypto the next lane for perp DEXs?
Use my referral: qfex.com/@hol_0x_
Get 10% of your trading fees back.
Worth a look while it's still early.
ash retweeted
How tightly are primes clustered?
One celebrated (and unproved) conjecture in Number Theory is the twin prime conjecture. Broadly, it says that there are infinitely many primes in pairs with a difference of 2,
p_{n+1} - p_n = 2
While proving the full conjecture is hard, mathematicians have managed to bound the problem, proving that there are infinitely many primes in pairs with a difference of at most 186; formally,
H_1 := liminf(p_{n+1} - p_n} as n --> infinity
What if we extend this to intervals containing not just 2, but 3, 4 or 5 primes?
I show that there are infinite such intervals of length 20370, 1380156 and 82059170, improving upon the current best results of Roeling (2026) by an average of 50%:
hexagonmath.org/2610.00419v1
ash retweeted
Happy to announce that my improvement on Subset Sum made it to bigospeedrun.com/subset-sum!
You can find the full result on hexagonmath here: hexagonmath.org/2610.00261v1
