OI03: The inner workings of a High-Frequency Strategy ft. Anant Jatia

Anant Jatia, the founder and CEO of Greenland Investment Management, joins Moritz Seibert for a commodities-focused conversation. In this episode, Anant explains how Greenland developed from currency market making to what today is predominantly an HFT-driven commodities arbitrage fund. Anant has a detailed understanding of the workings of physical commodity markets and focuses Greenland’s trades on location and substitution arbitrage trades. Moritz and Anant discuss several exemplary trades in detail, including sizing and portfolio implementation, and focus on the tail exposures which could materialize while the trade is active. This is a detailed and somewhat technical episode and a must-listen for anyone interested in commodities arbitrage trading.-----EXCEPTIONAL RESOURCE: Find Out How to Build a Safer & Better Performing Portfolio using this FREE NEW Portfolio Builder Tool-----Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “The Many Flavors of Trend Following” here.Learn more about the Trend Barometer here.Send your questions to [email protected] please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Moritz on Twitter.Follow Anant on LinkedInEpisode TimeStamps: 02:09 - Introduction to Anant Jatia06:39 - Anant's experience from working at AQR08:46 - How did Anant's firm evolve over time?10:44 - How difficult is High-Frequency Trading?14:33 - What is their current trading strategy?17:07 - An example of one of their trades21:17 - Staying away from the physical side23:33 - Tracking the market and executing trades27:18 - Managing the cost of trades29:58 - How did they get through the Covid19 period?34:37 - How many markets are...