The Blushing Quants Podcast

Eyal Neuman is a mathematical finance researcher and co-director of the quantitative finance master’s program at Imperial College London. His work spans probability, stochastic control, market microstructure, price impact, optimal execution, multi-agent systems, and quantum computing in finance. Eyal’s path began with industrial engineering at Tel Aviv University before his interest shifted toward mathematics and probability. He completed graduate research at the Technion, followed by postdoctoral work in Hong Kong and Rochester, New York. At Imperial College, he began combining theoretical research with practical financial problems through collaborations with academics, practitioners, and Capital Fund Management. In this episode, Eyal joins us for an in-depth conversation about connecting academic mathematics with real financial markets, constructing useful models from complex trading problems, understanding market impact, and identifying where emerging technologies may offer genuine value. Eyal explains…

Joseph Chen is a quantitative finance professional with extensive experience building trading systems, backtesting frameworks, and research infrastructure for multiple financial firms. In this episode, Joseph joins us for a technical and practical conversation about designing institutional-grade quantitative research systems, integrating artificial intelligence into established workflows, validating financial data, and moving systematic strategies from backtesting into live trading. Joseph explains why asking an AI coding tool to build an entire trading system from scratch can lead to missing components, inconsistent assumptions, and unreliable results. Instead, he argues that AI should operate within a modular framework containing trusted data sources, reusable libraries, clearly defined interfaces, and established backtesting procedures. We discuss the importance of data integrity and why information from even reputable vendors must still be inspected carefully. Joseph explains how corporate-action…

Peter Kostovčík is a quantitative trader and researcher with a background in mathematics, machine learning, systematic equities trading, and the development of live trading systems. In this episode, Peter joins us for a practical conversation about machine learning in finance, feature engineering, research pipelines, trading-system design, portfolio construction, position sizing, liquidity, and the growing role of AI agents in quantitative research. Peter explains why the model itself is often the least important part of a machine-learning strategy. While researchers may focus on increasingly sophisticated algorithms, he argues that most of the real work lies in understanding the data, developing meaningful features, defining the correct objective, and forming ideas that reflect how markets actually operate. We discuss when machine learning is useful and when it may introduce unnecessary complexity. Peter explains why it can be effective when ranking or classifying thousands of equities, but far more…

Julien Riposo is the Head of Quantitative Research at Stewardship and Governance Associates and the founder and CEO of JR Enterprise. With a PhD in Applied Mathematics and a background spanning quantitative finance, model validation, blockchain, digital assets, and market infrastructure, Julien focuses on transforming abstract mathematical ideas into practical decision-making systems. In this episode, Julien joins us for an in-depth conversation about mathematical abstraction, complex financial systems, model robustness, asset valuation, artificial intelligence, and the process of turning research into tools that can support real decisions. Julien explains the difference between a model that appears convincing and one that can be trusted in practice. We discuss assumptions, calibration, sensitivity analysis, stress testing, implementation constraints, and why researchers must clearly define the conditions under which a model remains reliable. The conversation explores two dimensions of model reliability:…

Antonio Berenguer is an options trading and market-making professional with a background in engineering, mathematics, computational research, quantitative finance, and cryptocurrency markets. Antonio completed a PhD in computational electromagnetics before moving into quantitative finance. After earning a master’s degree in Madrid, he joined an options market-making firm in Amsterdam, where he spent approximately six years working across liquidity provision, screen and broker trading, quantitative research, signal development, and position-taking strategies. He later moved into cryptocurrency trading and market making. In this episode, Antonio joins us for an in-depth conversation about options market making, volatility trading, liquidity, hedging, position sizing, portfolio risk, and quantitative research. Antonio explains how market makers generate returns by quoting bid and ask prices, capturing spreads, and managing inventory risk. We discuss how they adjust quotes, use correlated assets for hedging, and…

Gilad Bar-Ilan is the CEO and co-founder of Crowd Wisdom Trading, with extensive experience across proprietary trading, equities, options, futures, foreign exchange, product management, software development, and financial technology. Gilad began his career as a day trader with remote U.S. proprietary trading firms before joining an Israeli proprietary trading firm and becoming deeply involved in options trading on the Tel Aviv Stock Exchange. He later worked as a product manager with Israeli technology startups, combining his trading experience with the ability to transform complex technical concepts into working financial products. In this episode, Gilad joins us for an in-depth conversation about crowd intelligence, financial sentiment, alternative data, artificial intelligence, and how thousands of market opinions can be turned into structured, actionable trading signals. Gilad explains how Crowd Wisdom Trading analyzes thousands of hours of financial content from YouTube and other online sources. Using…

Paul MacGregor is a financial markets executive with nearly 30 years of experience across exchanges, derivatives, electronic trading, commodities, technology, and international business development. In this episode, Paul traces his journey from strategic planning at BP to the open-outcry trading floors of LIFFE, where he witnessed the rapid transition from human execution to fully electronic markets. He explains how real-time data, systematic strategies, and execution costs accelerated that transformation, changing the structure of global markets. Paul shares his experience developing electronic trading platforms for bonds, equities, indexes, and complex interest-rate strategies. He also discusses the expansion of exchange technology across Europe, the rise of algorithmic and proprietary trading, and the infrastructure required to support market makers and increasingly sophisticated participants. The conversation moves into physical commodities and Paul’s time at the London Metal Exchange. He explains what…

Roger McIntosh is a Chief Investment Officer with an actuarial and quantitative background and extensive experience managing equities, fixed income, multi-asset portfolios, pension assets, index funds, and systematic investment strategies. Roger helped establish Vanguard’s investment team in Australia, built several of its index funds, led its equity and bond teams, and developed multi-asset portfolios for Australian investors. He later created and managed his own quantitative investment strategy, giving him a rare perspective across passive investing, active management, portfolio construction, and institutional decision-making. In this episode, Roger joins us for an in-depth conversation about how institutional portfolios are constructed, how quantitative factors are selected and combined, and why managing an index fund is far more complex than simply purchasing every security in a benchmark. Roger explains the difference between full replication and optimized replication. While some equity indexes can be…

Nam Nguyen is a career quantitative finance professional with experience across both the sell side and buy side. Based in Toronto and working across North America and Asia, Nam began his career during the global financial crisis, building models for complex financial derivatives before moving into model validation, risk management, and eventually buy-side quantitative research. In this episode of The Blushing Quants, Nam joins us for an in-depth conversation about the differences between sell-side and buy-side quantitative finance, Monte Carlo simulation, derivatives pricing, risk modeling, backtesting, market anomalies, and the growing influence of artificial intelligence. Nam explains how sell-side quants work with risk-neutral pricing, exotic derivatives, volatility surfaces, stochastic-volatility models, calibration, Value-at-Risk, and Expected Shortfall. He contrasts this with the buy side, where researchers focus more heavily on time series, statistical anomalies, arbitrage opportunities, portfolio…

Antonio Marrazzo is a quantitative researcher with a background in economics and actuarial science, focused on factor investing, portfolio construction, market regimes, data analysis, and machine learning in financial markets. Originally from Argentina, Antonio began applying quantitative methods to investing before formally discovering the quant profession. He translated concepts such as Markowitz portfolio optimization into Python, built his own research pipelines, and developed a systematic approach to understanding markets through data. In this episode, Antonio joins us for a detailed conversation about how quantitative strategies are researched, tested, and transformed into realistic investment models. The central question is: How do you know whether a factor is real, tradable, and persistent rather than the result of statistical chance? Antonio explains why a factor should be supported by economic reasoning and a plausible relationship with returns. We discuss multiple-testing bias, false discoveries,…

Vincent Randazzo, CMT, is a portfolio manager and technical market strategist with more than 25 years of experience across firms including Morgan Stanley, UBS, ICAP, CFRA Research, and Lowry Research. After observing that investors have access to more market data than ever but often lack clarity on how to use it, Vincent developed Defender, a quantitative, rules-based framework designed to support more objective portfolio and risk-management decisions. He is also the founder of ViewRite Advisors and manages the Defender Risk Adaptive 500 ETF, ticker SPDF. In this episode of The Blushing Quants, Vincent joins us for a practical conversation about market breadth, regime detection, technical analysis, systematic investing, and how portfolio managers can respond when the market’s apparent strength does not reflect what is happening beneath the surface. The central question is: Can market breadth reveal risks that traditional market indexes fail to show? Vincent explains why market-cap-weighted indexes can create…

Jerome Busca is a quantitative trader with more than 25 years of experience across mathematics, quantitative research, portfolio management, global futures, foreign exchange, and crypto markets. After beginning his career in academic mathematics and applied research in France, Jerome moved into quantitative finance and later joined Citadel’s hedge fund business. Working on the mortgage desk before the 2008 financial crisis, while also helping develop a systematic CTA-style futures operation, gave him a front-row view of how institutional quantitative research, technology, and market risk evolved during a defining period in modern finance. In this episode, Jerome joins us for a wide-ranging conversation about how quantitative trading has changed and what remains fundamentally difficult despite better data, infrastructure, and artificial intelligence. The central question is: As technology makes quantitative research faster and more accessible, does finding sustainable alpha become easier, or does the…

Paul Chalmers, CEO of UK Trading Academy, for a raw and practical conversation about what most traders misunderstand about the markets. Paul breaks down why trading education often fails, why theory alone is not enough, and how real market experience, risk management, psychology, and disciplined execution separate serious traders from the crowd. We discuss how markets have changed, the role of AI and algorithms in modern trading, and why technology should support human decision-making rather than replace it. Paul explains how his team approaches dynamic algorithms, probability-based signals, market movements, and the importance of combining data with practical trading judgment. The conversation also goes deep into geopolitical events, GBP/USD, oil, institutional traders, market makers, retail trading mistakes, trading plans, position sizing, drawdowns, and why backtesting should be used to understand risk — not just to chase beautiful profit curves. This episode is for traders, quants, market researchers,…

Jonathan Davies is an economist with over 30 years of experience in financial services. Jonathan has worked across several areas of the investment world, including fixed-income research, portfolio strategy, and portfolio management. His career has focused mainly on the macroeconomic side of markets, examining areas such as interest rates, bond yields, currency movements, equity-versus-bond allocation, regional market preferences, and multi-asset portfolio construction. Unlike a single-stock analyst, Jonathan’s perspective comes from understanding how the broader market system works: how economies move, how asset classes interact, how portfolios are built, and how professional investors communicate strategy and risk to clients. In this conversation, we explore one of the most important ideas in financial theory: the Efficient Market Hypothesis. If markets already reflect available information, what does it really mean to be an active investor? Can portfolio managers consistently beat the market, or does…

Eren Biri is the founder of OneEye Capital, a volatility-focused investment firm built around a strong mix of quantitative research, discretionary overlays, and deeply engineered infrastructure. With a background in computer engineering, experience at Goldman Sachs and multiple hedge funds, and a career that moved from quant research into trading and portfolio management, he brings a highly practical perspective on what it really takes to run a modern options-focused fund. In this episode, we get into volatility trading, options markets, and the real mechanics of running a fund where risk management comes first. Eren explains how his firm combines systematic strategies with discretionary overlays, why discretionary thinking still matters even in a quant-heavy setup, and how macro awareness, cross-asset relationships, and scenario analysis shape the way he sizes, hedges, and protects positions. We talk about how options traders think in implied probabilities, how relative value opportunities show up across…

Nikolai Nowaczyk is a mathematician, published researcher, and quantitative risk professional with a background spanning academia, consulting, and banking. With deep experience in counterparty credit risk, model development, and validation, he brings a rare perspective on how highly technical mathematical ideas are actually implemented inside major financial institutions. In this episode, we get into what counterparty credit risk really is, why it matters so much in derivatives markets, and how institutions measure and manage the risk that a counterparty defaults when a trade is in the money. Nikolai breaks down Monte Carlo simulation, CVA, collateralization, variation margin, initial margin, netting agreements, and the operational reality of managing risk across thousands of counterparties and massive derivatives books. We also talk about regulation, legacy systems, model validation, and why implementing new risk requirements inside large institutions is often far more complex than it looks from the…

Ufuk Tasdan is a quantitative researcher with an unconventional background spanning physics, philosophy of physics, cryptocurrency trading, and energy market analytics. After studying physics and completing a PhD in philosophy of physics, he moved into applied quantitative work, first in crypto and later in European energy markets, where he focuses on price forecasting, market analysis, and model building for traders and market participants. In this episode, we get into what it means to come into quantitative finance from a non-traditional background, and why some of the most interesting market thinkers often come from outside the usual pipeline. Ufuk shares how philosophy of science, particle physics, and critical thinking shaped the way he approaches markets, model selection, and data interpretation. We talk about the differences between cryptocurrency and energy markets, why crypto can look simpler on the surface but remain deeply opaque, and why energy markets are more transparent in data yet far more…

Oded Shimoni is the CEO of AlphaBeta, a quantitative R&D company focused on systematic, low-correlation investment strategies across products such as mutual funds, alternative ETFs, hedge funds, and tracking funds. His work sits at the intersection of quantitative research, portfolio construction, factor investing, and the growing world of liquid alternative investment vehicles. In this episode, we get into what it actually takes to build low-correlation strategies in practice, and how quantitative research can be used to construct broad, systematic portfolios designed to behave differently from traditional market exposure. We talk about long-short equity, merger arbitrage, factor investing, and the challenge of turning academic ideas into investable products that can survive real market constraints. Oded explains how his team approaches weight allocation, why machine learning and deep learning can be useful for dynamically allocating across factor exposures, and why economic rationale, clean data, and…

Ben Charoenwong is a finance professor, researcher, and fund manager working at the intersection of academia, quantitative investing, and applied market practice. As an associate professor at INSEAD and co-founder of Chicago Global, he brings a rare perspective shaped by both rigorous academic training and the real constraints of building and managing investment strategies in live markets. In this episode, we talk about what it actually means to bridge academia and industry in finance, and why that gap is both narrower and harder than most people think. Ben shares how academic research can still produce ideas that matter in practice, but also why the market is a humbling force that quickly exposes weak theories, poor signals, and overconfident models. We get into financial education, opportunity cost, critical thinking, student training, and why AI is forcing universities to rethink not just how they teach, but what they are really supposed to teach. We also dive into fund design, market inefficiencies…

Garret Brennan is the co-founder and CEO of Epoch, an AI-native quantitative research startup building tools for institutional investors who want to integrate AI into their workflows without sacrificing rigor, determinism, or trust. With a background on the fixed income desk at Bank of Montreal in New York, Garret brings both market experience and startup urgency to the problem of making quantitative research faster, more accessible, and more usable in real institutional settings. In this episode, we talk about what it actually takes to build AI infrastructure for quantitative finance in a market that is both highly technical and deeply conservative. Garret explains why Epoch is not trying to let language models perform the computation itself, but instead uses AI as a structured interface atop a traditional institutional-grade research stack. We get into determinism, hallucination risk, backtesting infrastructure, internal libraries, multi-agent systems, and why infrastructure has to come before AI hype if…

Roman Isachenko is a quantitative researcher with a background in applied mathematics and rocket science who moved from engineering into finance, derivatives, and systematic trading. His experience spans risk management, derivative pricing, asset management, and small hedge fund environments, giving him a grounded view of how quant research actually works when capital, time, and market reality put every idea under pressure. In this episode, we talk about the realities of building and rebuilding quant strategies in an environment where alpha decays quickly, and competition keeps getting tougher. Roman shares his path from engineering into quant finance, explains why derivatives first pulled him into the field, and reflects on the difference between elegant theory and what survives in live markets. We discuss pricing models, calibration, volatility, and why even strong ideas can stop working when market structure changes. We also get into research discipline, overfitting, noise testing, Monte Carlo…

Zach Marx is the Chief Investment Officer of Vineyard Quant Capital, where he works at the intersection of systematic equity investing, institutional flow, and data-driven portfolio construction. In this episode, we get into what it actually takes to build a quantitative investment process around how institutions and retail investors make decisions, and how that can be turned into a systematic equity strategy. We talk about Zach’s path from market data and S&P to running an investment strategy at Vineyard, why understanding how different allocators behave can be just as important as understanding the data itself, and how his team uses point-in-time information, forward expectations, and cross-sectional ranking to scale a fundamentally informed process across thousands of stocks. We also get into sector- and industry-level clustering, orthogonal factor construction, seasonality, in-sample versus out-of-sample testing, stock-level and portfolio-level risk management, and why running a successful quant strategy…

Mark Aron Szulyovszky is a crypto quant and an entrepreneur focused on cross-sectional alpha factors in digital assets. He works to surface crypto-native factors, build market-neutral portfolios, and turn research on derivatives, microstructure, and token-specific behavior into tradable products for both internal use and external clients. In this episode, we get into what it actually takes to build and trade crypto-native alpha factors in a market that is volatile, fragmented, and still structurally different from traditional finance. We talk about why Mark moved away from a more machine-learning-heavy approach toward simpler, more interpretable factor research, how he thinks about market microstructure and derivatives data in crypto, and why cross-sectional alpha remains more abundant there than in many traditional markets. He explains how his team classifies and cleans data, works with tradable universes, controls turnover, and looks for signals that can survive transaction costs rather than just look good…

Manuel Ritsch is the founder of Alpha Rho Technologies, where he is building AI-native investment infrastructure for asset management. After seeing how much of the industry still relied on outdated tools and manual processes, he set out to replicate the work of human analysts with AI and turn that into a real operating model for funds. In this episode, we step slightly outside pure quant research to explore what it actually takes to build an AI-driven investment business from the ground up. We talk about the gap between traditional asset managers and newer AI-native approaches, why low-frequency investing may be one of the clearest use cases for agentic systems, and how Manuel structured a fund run by AI analysts, CIOs, and investment committees. We also get into go-to-market, fundraising, bank partnerships, product positioning, client education, and the hard reality that institutional investors still want a track record, transparency, and a process they can trust. Manuel also explains why explainability…

Francisco Prack is a quant, economist, and portfolio manager with 30+ years of experience across financial markets, and a background spanning traditional finance, quantitative research, algorithmic trading, and crypto. In this episode, we get into how a deeply model-driven way of thinking can shape an entire career in markets, from economics and traditional finance to algorithmic trading, reinforcement learning, and crypto. We talk about why Francisco sees markets as a sequential problem rather than a static one, how he studies the tape day by day to extract patterns, and why understanding market rules and order types matters before touching the data at all. He explains how he thinks about institutional footprints, why replaying and re-reading past market sequences can be more useful than forcing generic statistical frameworks onto trading, and how reinforcement learning fits into his process by helping adapt parameter choices and position sizing across different market conditions. We also get into the…

Denis Lukyanov is a quantitative researcher and AI/ML practitioner working at the intersection of finance, machine learning, and agentic systems. In this episode, we get into what it really takes to integrate agentic systems and large language models into quant workflows, and why the hard part is not generating ideas quickly, but building something structured, testable, and useful in practice. We talk about the gap between quick AI prototypes and production-grade systems, why planning still matters more than coding speed, and how domain expertise remains the real bottleneck even as the tools improve. Denis breaks down how he thinks about combining traditional machine learning and deep learning with GenAI agents: LLMs can add real value as orchestrators, analysts, and research accelerators, but they still should not be trusted to make decisions. We also get into context windows, knowledge systems, guardrails, model-as-judge workflows, regime detection, quantitative research loops, and why serious trading…

Toby Morris works across multi-asset trading, client coverage, sales trading, and trading desk operations, helping clients execute effectively while keeping the desk, workflow, and decision-making process aligned behind the scenes. In this episode, we go beyond job titles to explore what the trading desk actually looks like when clients, liquidity, technology, and judgment collide in real time. We talk about how markets evolved from phone-brokered flow to online and mobile trading, and what that shift changed for both clients and trading desks. Toby shares a grounded view on what it really takes to deliver for clients in practice: understanding their needs, choosing the right execution approach, knowing when to systematize, and knowing when discretion creates more risk than value. We also get into the hidden operational side of the business, from aligning teams across trading, operations, risk, and compliance to handling large orders, internal communication, liquidity constraints, and the uncomfortable…

Mattia Spreafico is a quant based in Switzerland with an MSc in Quant Finance and a background in Mathematical Engineering from Politecnico di Milano. In this episode, we go beyond job titles and get into what the next generation of quants is actually dealing with day to day inside large institutions, where speed, correctness, and deployment constraints collide. We talk about how AI is already changing the quant workflow in practice, not as hype but as a default tool for research, coding, and iteration. Mattia shares a grounded view on where LLMs genuinely help, where they still fall short in finance, and why data quality and access are still the real foundation. We also dig into the uncomfortable tradeoff nobody wants to admit: a perfect review slows you down, but moving fast increases risk, so the game becomes building better monitoring, better controls, and faster reaction when something breaks. If you care about how quant research is evolving from idea to production, why deployment can be harder than…

Robert is a London-based systematic trader with 25+ years in markets. He started in the early 2000s prop trading futures, survived the no-simulator era, and evolved from discretionary trading into fully systematic research and automation. Today, he builds short-term strategies across equity indices and rates futures, and has recently helped a large institution stand up a proprietary trading team. In this episode, we get practical about how an independent trader thinks and operates: finding edges in intermarket relationships, turning market intuition into systematic decision trees, and building portfolios that aim for strong Sharpe with positive skew. Rob also breaks down how he approaches regime awareness and robustness, in-sample vs out-of-sample work, and why walk-forward style processes are harder than they sound when you actually care about “the right trades", not just the best backtest. We also talk about the fundraising catch-22 for independents and why selling signals and research can be a smarter…

Haris is a quantitative equity researcher and portfolio manager with experience across top-tier institutions, including BlackRock. Born in Greece, he studied applied computer science and applied mathematics, worked at the European Central Bank, then moved to the US for a Master's in Financial Engineering, and later built systematic equity models in the industry. In this episode, we go into how quant research is done when time matters. Haris breaks down the prototype mindset, how to build a fast research pipeline, and what gets rejected immediately before you waste months. We talk about signal evaluation, residual momentum, sector and risk neutralization, and why correlation with your existing book can kill a "great" signal. We also unpack execution realities, trading costs, backtest vs. realized PnL, Monte Carlo and holdouts, and the optimizer's approach to sizing, constraints, turnover, and robustness. Finally, we cover where machine learning and deep learning fit, why short horizons give data-hungry models…

Israel Bergenstein is a quant researcher with an MSc from Oxford, focused on building hedge-fund-style systematic strategies and translating research into deployable trading models. His work bridges the gap between academic quantitative thinking and real-world market implementation, with an emphasis on rigorous research, systematic strategy development, and the practical challenges of taking models from idea to execution. He brings a perspective shaped by both strong analytical training and a deep interest in how institutional-grade trading systems are designed, tested, and refined. *DISCLAIMER* The information shared on this podcast is for educational and informational purposes only and reflects the personal opinions of the hosts and guests at the time of recording. Nothing in this podcast constitutes financial, investment, legal, tax, or trading advice, and nothing should be interpreted as a recommendation to buy, sell, or hold any security, cryptocurrency, derivative, or financial product. Trading and…

Carl Wells is a systematic equity researcher and entrepreneur building an investment analytics platform focused on company quality, using CFROI and return on invested capital, along with deep accounting adjustments, to reveal the true economics behind financial statements. In this episode, Carl shares his journey from physics to hedge funds, and how the 2008 crisis pushed him to unify fundamentals and quant through rigorous backtesting and factor research. We talk about why macro and liquidity regimes can break even great fundamental portfolios, and how systematic equity investing evolved from classic anomalies to today’s quality-driven frameworks. Carl also explains the mechanics behind his platform: restating financials, treating R&D as investment, handling leases and intangibles, correcting recurring “one-offs", and building more stable, predictive metrics. We then dive into how he uses machine learning for forecasting while staying disciplined about interpretability, risk management, and deployment.…

Paul Bilokon is a veteran quant, educator, and entrepreneur with experience across major banks and systematic trading. In this episode, we go deep into what actually makes research deployable: building a backtesting framework you can trust, cleaning and normalizing data correctly (rolls, corporate actions, microstructure effects), and stress-testing strategies against execution lags, transaction costs, and market impact. We also discuss how Paul thinks about critical thinking as a repeatable research process, why he prefers starting with simple baselines before escalating model complexity, and where reinforcement learning and neural networks fit in finance when explainability and production constraints matter. *DISCLAIMER* The information shared on this podcast is for educational and informational purposes only and reflects the personal opinions of the hosts and guests at the time of recording. Nothing in this podcast constitutes financial, investment, legal, tax, or trading advice, and nothing should be…

A sit-down with Raffaele Ghigliazza, a quant with a PhD background in mechanical engineering and deep work across applied math, dynamical systems, and neuroscience. He has spent about 20 years in finance, split between risk and asset management, and currently works as a macro-systematic researcher. We discuss quant research after LLMs: what LLMs really changed, how to think about backtesting, and why robustness matters more than ever. Topics include business cycles, data limitations, overfitting, CPCV and cross-validation, ensembling, and why mixing market regimes can break a model. *DISCLAIMER* The information shared on this podcast is for educational and informational purposes only and reflects the personal opinions of the hosts and guests at the time of recording. Nothing in this podcast constitutes financial, investment, legal, tax, or trading advice, and nothing should be interpreted as a recommendation to buy, sell, or hold any security, cryptocurrency, derivative, or financial product. Trading and…

Episode 8 with Orlando explores where market models work and where they fail, especially in credit markets where pricing is less observable, and data is often dirty. We cover how to find edge through data cleaning, why end-of-day pricing can mislead risk systems, and how to think about VaR and stress testing when liquidity shifts. We also discuss the limits of the Black-Scholes model for long-dated or far-from-the-money options, how Orlando builds a meritocratic research team, and what it takes to scale from an emerging fund to an institutional one. *DISCLAIMER* The information shared on this podcast is for educational and informational purposes only and reflects the personal opinions of the hosts and guests at the time of recording. Nothing in this podcast constitutes financial, investment, legal, tax, or trading advice, and nothing should be interpreted as a recommendation to buy, sell, or hold any security, cryptocurrency, derivative, or financial product. Trading and investing involve substantial risk,…

Episode 7 features Matthias Bouquet, a quant who moved from a computer vision PhD into asset management, prop trading, banks, and hedge funds across Tokyo, London, and Singapore. We cover why market ML is harder than vision, how overfitting shows up, and what actually helps in practice: solid validation, simpler models, better features, and strict risk management. He also explains an options lens on volatility and skew, real-world trading frictions such as slippage, fills, and outages, and how LLMs can accelerate research without replacing discipline. *DISCLAIMER* The information shared on this podcast is for educational and informational purposes only and reflects the personal opinions of the hosts and guests at the time of recording. Nothing in this podcast constitutes financial, investment, legal, tax, or trading advice, and nothing should be interpreted as a recommendation to buy, sell, or hold any security, cryptocurrency, derivative, or financial product. Trading and investing involve substantial risk,…

In Episode 6, we host Meir Barak, a veteran day trader, author, and the founder and chairman of Tradenet, where he focuses on building structured training programs for traders worldwide. We discuss what his day-to-day work looks like, including turning market behavior into repeatable frameworks, prioritizing risk discipline, and developing traders through process. *DISCLAIMER* The information shared on this podcast is for educational and informational purposes only and reflects the personal opinions of the hosts and guests at the time of recording. Nothing in this podcast constitutes financial, investment, legal, tax, or trading advice, and nothing should be interpreted as a recommendation to buy, sell, or hold any security, cryptocurrency, derivative, or financial product. Trading and investing involve substantial risk, including the possible loss of all or part of your capital. You are solely responsible for your own decisions, and you should consult a qualified professional before making financial…

Marco Santanché, founder of Unbiased Alpha, joins the show to unpack what truly matters in quantitative research. We explore the key differences between institutional and retail trading, the real risks behind CFDs and leverage, and how quants turn vague client objectives into clear, actionable KPIs. The conversation also dives into realistic backtesting, why overfitting is so common, and when machine learning genuinely adds value in trading. *DISCLAIMER* The information shared on this podcast is for educational and informational purposes only and reflects the personal opinions of the hosts and guests at the time of recording. Nothing in this podcast constitutes financial, investment, legal, tax, or trading advice, and nothing should be interpreted as a recommendation to buy, sell, or hold any security, cryptocurrency, derivative, or financial product. Trading and investing involve substantial risk, including the possible loss of all or part of your capital. You are solely responsible for your own decisions,…

A sit-down with Jared Broad, CEO of QuantConnect, to unpack how one platform turned quant research, backtesting, and live execution into an end-to-end workflow. Jared explains why QuantConnect went open source in an industry that usually keeps everything secret, and why hedge funds waste years rebuilding the same infrastructure instead of focusing on alpha. We break down what makes Lean “institutional-grade,” including its plugin architecture for brokerages, fees, and datasets, as well as the complex engineering behind corporate actions, ticker changes, and extended historical coverage. Jared also shares how QuantConnect validates data quality by cross-checking vendors, running automated “spiders", and using human review when needed. *DISCLAIMER* The information shared on this podcast is for educational and informational purposes only and reflects the personal opinions of the hosts and guests at the time of recording. Nothing in this podcast constitutes financial, investment, legal, tax, or trading advice,…

A focused conversation with Oren Tapiero, a quantitative researcher at Tidal, on how machine learning is truly used in live trading. The discussion covers why the research question matters more than the model itself, how to approach feature engineering and causality instead of simple correlation, and why walk-forward backtesting and regime awareness are essential. A clear, reality-driven perspective on ML for quants who care about what actually works. *DISCLAIMER* The information shared on this podcast is for educational and informational purposes only and reflects the personal opinions of the hosts and guests at the time of recording. Nothing in this podcast constitutes financial, investment, legal, tax, or trading advice, and nothing should be interpreted as a recommendation to buy, sell, or hold any security, cryptocurrency, derivative, or financial product. Trading and investing involve substantial risk, including the possible loss of all or part of your capital. You are solely responsible for your own…

Oz Pirvandy is a Tel Aviv-based systematic fund manager and the founder of Elevate Algo Fund. With a background across economics, political science, mathematics, and data science, Oz brings a research-driven approach to portfolio construction, shaped by both academia and real-world experience in banks, where risk management is the primary priority. In this episode, Oz explains why the S&P 500 works as an algorithmic benchmark and what most investors miss about its mechanics: concentration, index rules, and the tradeoff between rebalancing frequency and costs. We discuss his framework for building portfolios by ranking opportunities by risk-adjusted return, then adding positions based on low correlation; why he prefers partial rebalancing; and why keeping meaningful cash reserves is essential for both protection and flexibility. We finish with his view on 2026 and his plan to launch a second, more flexible multi-strategy fund around mid-2026. *DISCLAIMER* The information shared on this podcast is for…

Ryan Ling is a London-based systematic short-term interest rate (STIR) trader. Ryan studied Mathematics and Data Science, blending statistics and computer science, and has built his career across several parts of quantitative trading. He began in banking, structuring and exotics, then moved into crypto trading, including market-making and HFT, before transitioning into interest rate futures. In this episode, Ryan explains what market making really involves, how traders monitor high-speed algorithms in real time, and why the job often feels more like art than science when you are reacting to flow and managing adverse selection. We also discuss where data analysis and machine learning actually add value in practice, which is often after the fact through post-mortems that help teams understand what happened and improve execution. The conversation also touches on why OTC trading still matters, how competition changed crypto spreads, and a forward-looking idea Ryan finds compelling: the emergence of tradable…