DERIVATIVES

Does Gamma P&L Really Measure Convexity?

Posted on June 15, 2026 By Harbourfront Technologies

Subscribe to newsletter Decomposing option P&L into individual Greek contributions is a useful practice. The decomposition is typically derived from a Taylor expansion and serves both risk-management and research purposes. For example, some studies use gamma P&L as a measure of convexity and as a …

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RISK MANAGEMENT

Walk-Forward Analysis for Cryptocurrency Forecasting

Posted on June 11, 2026 By Harbourfront Technologies

Subscribe to newsletter In today’s age of AI and machine learning, developing trading strategies from historical data is becoming increasingly accessible. As a result, a growing portion of the research process is shifting from model development to model validation. However, unlike the sell-side, where model …

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TRADING

How Effective Are LLM Trading Agents?

Posted on May 22, 2026 By Harbourfront Technologies

Subscribe to newsletter AI is evolving rapidly across many areas of life, and trading is no exception. Large Language Models (LLMs) have increasingly been used as tools to assist financial analysts with research, data synthesis, and decision-making. More recently, researchers and practitioners have moved beyond …

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Latest Post

Is the VRP Still the Same Risk Premium?

Posted on June 7, 2026 By Harbourfront Technologies

Subscribe to newsletter The volatility risk premium (VRP) is the difference between implied volatility and subsequently realized volatility, reflecting the compensation investors pay for volatility insurance. It has long been held that the VRP is generally negative for option buyers …

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