PORTFOLIO GOVERNANCE
Why Permission Beats Prediction in Systematic FX
Gate governance reframes the strategy question from when to enter to when participation is permitted.
Nov 20268 min
RESEARCH JOURNAL
Notes on systematic engineering.
Portfolio GovernanceAlgorithmic TradingRisk ManagementVolatility EngineeringMarket RegimesSystematic Architecture
VOLATILITY ENGINEERING
Building Volatility-Aware Participation Curves
Realized vs implied conditioning and the calibration framework used in production.
Oct 202612 min
RISK MANAGEMENT
Drawdown Ceilings as a Survival Protocol
Treating drawdown not as performance — but as a hard limit on operational capacity.
Sep 20266 min
MARKET REGIMES
Regime Classification for Multi-Engine Books
Hidden Markov approaches, kernel methods, and pragmatic operator heuristics.
Aug 202611 min
SYSTEMATIC ARCHITECTURE
Designing Engines That Coexist Under One Policy
Correlation, capital coordination, and the topology of multi-engine operation.
Jul 20269 min
ALGORITHMIC TRADING
Session Architecture: London, New York, Asia
Session-aware execution policy and why liquidity windows are first-class system inputs.
Jun 20267 min