This Jane Street trader literally explains edge in this book....
PyQuant News 🐍@pyquantnews
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Jul 07, 2025
~1 min read
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This Jane Street trader literally explains edge in this book.
Here's what's inside:
Here's what's inside:
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The author starts by explaining how the professionals and hedge funds think about trading.
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He then talks about the biggest risk that faces market makers:
Adverse selection.
It's great since most people think of risk as standard (deviation.)
Adverse selection.
It's great since most people think of risk as standard (deviation.)
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Liquidity is next (which is NOT volume).
And the most important chapter:
What is edge.
This is one of the best explanations I've ever read.
And the most important chapter:
What is edge.
This is one of the best explanations I've ever read.
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A reason retail traders can compete is cost and capacity.
We play the game the big traders cannot.
We play the game the big traders cannot.
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And finally, technology and adaption.
Super important in the age of AI.
Super important in the age of AI.
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• Reply to this thread with any questions
• Follow me @pyquantnews for more of these
• RT the tweet below to share this thread with your audience
PyQuant News 🐍@pyquantnews
This Jane Street trader literally explains edge in this book.
Here's what's inside:
Here's what's inside:
8
Looking to start using Python for systematic trading?
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Here's a free Crash Course with everything you need to get started.
Join the 1,000s of people who finally started with Python after reading it:
pyquantnews.com/free-course
