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Loris

@0xLoris14,049 subscribers

Founder @ Crypto HFT MM // Founder @LorisTools

Shorts

college student, 19yrs, running a deprecated version of hummingbot from his TI-83 graphing calculator in suburban ohio: "btc is at 94k. my time has come. i'll find the the world's thinnest order book on some god forsaken shitcoin i'll post 2-sided quotes $200 notional, 202bps wide [hilariously, 2 bps outside the cutoff for MM incentives] i'll set price tolerances of 0.1 bps so any time someone on the other side of the world sneezes, my quotes cancel and repost 0.5 bps in the opposite direction wagmi" i understand it is a learning process, and lord knows i've had my fair share of blunders. but the parameters here were just too good here not to share hope he is running some A/B tests on those params.

college student, 19yrs, running a deprecated version of hummingbot from his TI-83 graphing calculator in suburban ohio: "btc is at 94k. my time has come. i'll find the the world's thinnest order book on some god forsaken shitcoin i'll post 2-sided quotes $200 notional, 202bps wide [hilariously, 2 bps outside the cutoff for MM incentives] i'll set price tolerances of 0.1 bps so any time someone on the other side of the world sneezes, my quotes cancel and repost 0.5 bps in the opposite direction wagmi" i understand it is a learning process, and lord knows i've had my fair share of blunders. but the parameters here were just too good here not to share hope he is running some A/B tests on those params.

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Videos

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a long time ago i autistically saved this video showing live Alameda market making / trading from a period when SBF was sitting smack dab in-between FTX & Alameda. BTC price was $9,400 so this must have been filmed in mid 2020. the video itself has since been scrubbed from the internet, but it's still pretty interesting so figured i'd share. it also originally informed a bit of how we built our own internal tooling (minus the fraud). various internal Alameda dashboards including: - Fills, Fills Summary - Desired Position ("des pos") - Coin Summaries - Interest Rate Params (presumably for dated futures) - exchange-specific data streams (orderbook, fills, orders) other misc tech used: - 1Password, ~10-12 character length master pw visible/audible. could probably have reverse engineered this a bit more if you were a bad actor. bad opsec. - FTX dot com, light shilling of FTX / leveraged tokens - Twitter, Whale Alert - Outlook, Excel, Google Suite exchanges mentioned/shown: - BitMEX, OK, ZB, GDAX, Binance, Bitfinex, Deribit verbal discussion: - manual discretionary position sizing with "Ryan" [Salame], in 50 BTC chunks - position rebalancing "all those exchanges [we] have like 100 BTC [$1mm] each" - manual interest rate adjustments "i'm gonna take 90 [days] up more" - fades to lean into / out of positions - "Spoofy" showing fake 3,000 BTC bid on BitMEX - small example EOS trade (the ethereum killah) was just thinking about this recently so decided to dig it up and share. mindblowing how much has changed in the past 4 years, both in market structure and products as well as the obvious rise and fall of SBF and co.

Loris

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