Cryptocurrencies
Quants Ride Into Crypto Wild West in the 500% Bitcoin Comeback
- Systematic traders dabble in crypto momentum, price arbitrage
- Vol and market inefficiencies offer opportunity and challenge
This article is for subscribers only.
Three years ago, Doug Greenig stopped trading the momentum of the S&P 500 to bet on everything exotic from Malaysian palm oil and Chinese plastic to Colombian interest rates.
Today, the founder of $820 million Florin Court Capital trades in some 350 alternative markets -- and none have felt as wild, lucrative or cutting-edge as Bitcoin. As it soars past $22,000 for the first time, Greenig and a growing number of his peers are trying to exploit systematic rules like trend-following and price arbitrage in the booming world of crypto.