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

How 0DTE Options Are Reshaping Market Dynamics

Posted on June 27, 2026 By Harbourfront Technologies

Subscribe to newsletter Market dynamics have changed since the COVID-19 pandemic, driven by several structural developments. One of the most notable has been the rapid growth of retail trading, particularly in short-dated options. Reference examines the impact of zero-days-to-expiration (0DTE) options on market dynamics …

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TRADING

Multi-Agent LLM Systems for Trading

Posted on June 19, 2026 By Harbourfront Technologies

Subscribe to newsletter Large language models (LLMs) are evolving rapidly, from early text-generation systems to the latest models capable of sophisticated reasoning and multi-step decision-making. Reference applies LLMs to the development of a gold trading system. Unlike traditional quantitative models, which are typically built …

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Latest Post

Extending the Dealer Gamma Exposure Framework

Posted on June 23, 2026 By Harbourfront Technologies

Subscribe to newsletter Dealer Gamma Exposure (GEX) is an interesting concept that has gained attention in recent years and is now used by both retail and institutional traders. Reference , however, estimates that GEX calculations can have an error margin …

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