𝐅𝐫𝐨𝐦 𝐀𝐥𝐠𝐨𝐫𝐢𝐭𝐡𝐦𝐬 𝐭𝐨 𝐀𝐧𝐚𝐥𝐨𝐠 𝑻𝒉𝒆 𝑺𝒕𝒐𝒓𝒚 𝒐𝒇 𝑺𝒒𝒖𝒂𝒓𝒆𝒑𝒐𝒊𝒏𝒕’𝒔 𝑩𝒐𝒍𝒅 𝑴𝒐𝒗𝒆 𝑰𝒏𝒕𝒐 𝑷𝒉𝒚𝒔𝒊𝒄𝒂𝒍 𝑪𝒐𝒎𝒎𝒐𝒅𝒊𝒕𝒊𝒆𝒔 What happens when one of the world’s most sophisticated quant firms takes on the gritty business of moving metals around the globe? Squarepoint, best known for algorithmic trading and statistical models, is now making waves in the old-school world of physical commodities. Alongside its offshoot, STG Ltd., Squarepoint is competing head-to-head with industry giants like Glencore and Trafigura. They’re blending quant expertise with the realities of shipping, warehousing, and logistics, building a hybrid model that could reshape the metals trade. Story with Archie Hunter & Julian Luk
The same playbook that’s reshaped every market since the dawn of the internet - bringing an analogue industry into the 21st-century digital era. It seems ripe for efficiency gains and arbitrage opportunities (and hopefully some healthy competition).
Great article. Thx
,, Not everything that can be counted counts, and not everything that counts can be counted.” by William Bruce Cameron
3wHopefully they have a strong due diligence team on the ground and partner up with strong audit.