Sorry for the lack of posts this week…we’ve had quite a busy schedule and, with no further trades by the bots, we’ve been focussed on our primary model work.
So, how are the bots performing? Well they may be holding tight with their positions but that doesn’t mean no PnL. The positions are moving in the correct direction despite the upheaval in the market caused by the Bitfinex price dislocation. For those not familiar with the cryptocurrency markets, Bitfinex, one of the leading exchanges has been forced to suspend withdrawals in Fiat currency (non cryptocurrencies). This has led to a significant price dislocation as customers try and move their money out using Bitcoin instead. This article provides a good background on the circumstances and impact of this suspension.
Performance of the models as of last night:
|Currency||Starting Balance||USD||Crypto||Rate||USD Equiv||TOTAL||Gain/loss|
Thanks for reading – I’ll try and post a longer piece will more design details over the next few days.
— Wintermute —