44 min listen
177: Sam Bankman-Fried – Leaving Wall Street, Entering Crypto Chaos
177: Sam Bankman-Fried – Leaving Wall Street, Entering Crypto Chaos
ratings:
Length:
68 minutes
Released:
Jul 21, 2019
Format:
Podcast episode
Description
This episode features Sam Bankman-Fried, who’s trading skill originated from 3-years at Jane Street—a proprietary trading firm renown for being one of the world’s largest ETF liquidity providers. In late-2017, Sam relocated to Hong Kong and began his foray into the cryptocurrency market when he co-founded Alameda Research. Alameda trade a range of quantitative strategies—such as statistical arbitrage and market making—which are mostly automated, but with a layer of human intervention. Within 2-years Alameda has grown to a point, where each day, it does approximately one billion dollars of turnover across 35 exchanges, accounting for somewhere near 5% of global crypto volume. Sam and I got to discuss many aspects of how Alameda operate and how his team have found lucrative opportunity amongst a chaotic environment…
Released:
Jul 21, 2019
Format:
Podcast episode
Titles in the series (100)
002: Kirk Du Plessis – How to gain an edge when trading options, with the head trader of Option Alpha: Kirk takes us through his far-from-profitable first week as a retail trader, which he describes as something like a ‘wild cowboy’. But needless to say, he is now at the other end of the spectrum and having huge success as an options trader. by Chat With Traders