About KSAN RELAY
KSAN RELAY is an independent quantitative research and proprietary trading firm. We develop statistical, computational and algorithmic methods for financial markets, publish selected research and open-source work, and apply selected research to trading our own capital.
- Firm
- Independent quantitative research and proprietary trading firm
- Research
- Quantitative finance, statistics, market behavior, algorithmic systems
- Publishes
- Research papers, models, datasets, libraries and research tools
- Capital
- Own capital only. No external or client capital
- Sample
- Xᵢ ~ t₆ / √1.5
- Kurtosis
- m₄/m₂² = 5.02 (Gaussian 3)
- Tail
- P(|X| > 3) = 0.92% (Gaussian 0.27%)
- Lesson
- σ alone understates tail risk
Approach
We treat markets as a measurement problem. Questions are framed as testable hypotheses, studied with explicit models, and checked against data the model did not see while it was being built.
Methods come from statistics, applied mathematics and computer science: stochastic processes and inference, numerical methods and optimization, and the engineering needed to make results reproducible.
Operating model
KSAN RELAY trades only its own capital. It does not manage external capital and does not provide brokerage, investment advisory, portfolio-management, insurance or financial consultancy services.
See the disclaimer for how published research and open-source work should be used.