This is a summary of links recently featured on Quantocracy as of Tuesday, 01/13/2026. To see our most recent links, visit the Quant Mashup. Read on readers!
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Data: Building micro-machines [Trading the Breaking]Most performance debates in trading start at the wrong layer. Quants argue about languages, compilers, and fast code, as if latency were a property of instructions. In production, latency is a property of structure: how state is laid out, how it is shared, how often the machine is forced to translate addresses, and how predictable the control flow remains. The micro-pauses that ruin fills are
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Much Ado About Variance [Robot Wealth]Lets be honest: 2025 was a pretty good year to be a systematic trader. If you had a diversified portfolio of risk premia, you probably did alright. Claiming we did anything overly special in such a favourable environment would be a tad arrogant. That said, theres a big difference between the market was kind and I was prepared to capture what the market offered. So heres a look
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How dollar invoicing and dollar debt shape FX risk premia [Macrosynergy]Persistent differences in the USD returns of international currencies point to long-run differences in risk premia. Empirical work has identified two dominant factors: dollar risk and carry-trade risk. These factors, in turn, can be linked to countries macroeconomic positions. In particular, extensive dollar invoicing and higher net foreign debt relative to GDP make currencies more procyclical: