Foreign Exchange

“Having everything under one roof is far superior if they are incented and cultured to work together. Because if you have A good FX person next to a good, even public market equity person. Both of those will generate better returns for sitting next to each othe…”

“If you trade FX, you will lose all your money. There are people who work inside, you know, very large investment banks and hedge funds, who make fractions of a tiny fraction of a percent arbitraging FX spreads. Nobody else makes any money on this, and why shou…”

“If you trade stocks, there's probably three major exchanges, New York Stock Exchange, NASDAQ, and some others in the US. But if you trade currencies, it's a very global market, right? It's almost like Napster for trading, which is every single bank, every sing…”

“We actually brought the SAS model. We're probably the first ones to bring the SAS model to foreign exchange. So we are strictly, you know, MRR, ARR based.”