market-microstructure

This video delivers a quantitative analysis of Alibaba's catastrophic 2026 stock collapse — examining idiosyncratic shocks, geopolitical risk premiums, factor exposure deterioration, and the market microstructure dynamics driving BABA's multi-sigma drawdown. 🎥 Video Tutorial 🎥 Watch Video: https://youtu.be/OQ4VLc6UcCs Topics: quantitative finance, investment analysis, financial education, fina…

A comprehensive quantitative analysis of Alibaba's severe multi-sigma equity drawdown as of June 2026. Explores statistical return modeling, geopolitical risk premiums, market microstructure dynamics, fundamental factor deterioration, and the mathematical frameworks underlying the catastrophic repricing event. 📊 Deep Research Topics: quantitative finance, investment analysis, financial educatio…

This is a really simple question but I can’t figure it out. I was given this definition for trades in an order book. “A bid and an offer whose prices are the same or cross will pair, resulting in a trade. We consider bid and offer prices to cross when the bid price is higher than the offer price; in those cases, a trade will occur at the price of the older order” I’m a little bit confused about t…

OpenQuant Newsletter - Edition #173 Quant News, Jobs & Internships, Upcoming Events, Puzzles and More! Hello, fellow Quants! Welcome to the OpenQuant newsletter - a publication dedicated to democratizing quantitative finance by sharing the latest news, jobs & internships, educational opportunities, and upcoming events in the industry. Here’s what we have in this week’s edition: - Quant News - cat…

This video delivers a reality check on the 2026 mega-IPO wave — examining the structural market mechanics, valuation pressures, and systemic risks surrounding the anticipated listings of SpaceX, OpenAI, and Anthropic. 🎥 Video Tutorial 🎥 Watch Video: https://youtu.be/uiAI1u6xhB8 Topics: quantitative finance, investment analysis, financial education, financial education video, trading tutorial

A comprehensive diagnostic analysis examining the structural market mechanics, valuation excesses, and macroeconomic vulnerabilities of the $4 Trillion tech listing wave. SpaceX, Anthropic, and OpenAI face unprecedented scrutiny amid warning signs of market overheating. 📊 Deep Research • 🎧 Podcast Available 🎧 Listen to Podcast: https://open.spotify.com/episode/5FNm8Qo5XB4yS3F8XSDDTS?si=4b8CPROc…

LSEG CEO Julia Hoggett has issued a scathing critique of systematic internalisers’ (SIs) enthusiasm for a consolidated pre-trade tape in the UK, arguing that all market participants must contribute to […]

Robinhood and Schwab took in a combined US$547m of options payment for order flow (PFOF) in Q1 2026, down 3.8% QoQ, as Schwab narrowly overtook Robinhood to become the largest […]

OpenQuant Newsletter - Edition #172 Quant News, Jobs & Internships, Upcoming Events, Puzzles and More! Hello, fellow Quants! Welcome to the OpenQuant newsletter - a publication dedicated to democratizing quantitative finance by sharing the latest news, jobs & internships, educational opportunities, and upcoming events in the industry. Here’s what we have in this week’s edition: - Quant News - cat…

I am currently developping/finalizing a multi-platform quantitative trading dashboard designed for real-time performance monitoring and risk management across MetaTrader, Interactive Brokers (TWS), and NinjaTrader. The system aggregates live trading data and computes: Real-time and rolling Sharpe ratio Dynamic risk/reward and expectancy metrics Risk of ruin estimation based on live equity curves …

If you've ever scrolled through Polymarket or Kalshi wondering whether the "wisdom of crowds" is actually wisdom—or just organized noise—you're not alone. A new paper, "How Wise is the Crowd? Bias and Edge in Prediction Markets," tears into the microstructure of modern prediction markets to ask a practical question: Who's actually making money, and who's just paying for the privilege of being lou…

Tradeweb Markets Inc., a global leader in electronic trading across asset classes, reported total trading volume for the month of May 2026 of $62.3 trillion (tn). Average daily volume for the month was $3.0tn, an increase of 18.3 percent (%) year-over-year (YoY). Record Highlights: For May of 2026, Tradeweb records included: - ADV in rates futures - ADV in repurchase agreements May 2026 Highlight…

As the last significant equity market without a closing auction, Indian practitioners are welcoming SEBI’s August rollout of the change as long overdue On 3 August, India’s two primary exchanges […]

Kalshi, the online prediction marketplace, referred Santos to the Department of Justice after detecting suspicious trades made by him ahead of Trump’s Feb. 24 speech.

Partner Jason Zachary Goldstein is quoted in the Octus article “Struggling Radio Sector Cleans Up Balance Sheets Ahead of Potential Deregulation-Induced M&A Boom,” which attributes declining revenue in the radio industry to several factors including high fixed costs and audience fragmentation. The post Jason Zachary Goldstein Quoted by Octus in “Struggling Radio Sector Cleans Up Balance Sheets Ah…

This morning I woke up to news that George Santos is under federal investigation for insider trading on Kalshi. By end of day I had a working anomaly detector monitoring 410 politically-sensitive prediction markets with a live dashboard. Here's how it happened, what I found, and how you can run it yourself. What Santos Actually Did The short version is almost embarrassingly simple. The day before…

The love-hate relationship between large banks and electronic liquidity providers took a new twist last week. As Global Trading reports, Federal Reserve filings by the top US banks show a […]

- Record ADV in 2-year U.S. Treasury futures - International ADV grew 18% to 10.2 million contracts CME Group, the world’s leading derivatives marketplace, reported its highest May average daily volume (ADV) on record at 33.2 million contracts, an increase of 15% year-over-year. Market statistics are available in greater detail at https://cmegroupinc.gcs-web.com/monthly-volume. May 2026 ADV acros…

Cash-equity payment for order flow fell to US$404.8m in Q1 2026, down 2.4% quarter on quarter, even as daily average trades at Schwab hit a record 9.9 million. A drop […]

Munish Gautam at Broadridge discusses the the shift toward extended trading hours.