GRAYBOOK CAPITAL

What we do

Trading, technology, research and risk, as one team.

We capture opportunities on exchanges around the world with automated strategies. Here is how each part of the firm makes that work.

01

Trading

Systematic strategies, our own capital.

Our traders design, run and refine automated strategies across futures, options and equities. Every strategy starts as a hypothesis, is tested against years of data, and earns its capital in live markets one step at a time.

  • Market making and liquidity provision
  • Statistical and relative-value arbitrage
  • Short- and medium-horizon directional models
  • Options volatility trading
  • Execution research: getting in and out with less impact
02

Technology

From raw packet to filled order.

We build the whole trading stack ourselves: feed handlers, signal engines, risk checks and order gateways, on hardware we tune and colocate beside the exchanges with Graybook Technologies. Engineers own their systems from the first commit to the market open.

  • C++ and Rust on tuned Linux
  • Kernel-bypass networking and FPGA feed handling
  • Nanosecond timestamping and capture
  • Simulation that replays every market tick
  • Monitoring that pages a person, not a dashboard
03

Research

Ideas that survive the data.

Researchers turn market data, order-book dynamics and alternative data into signals, then try hard to break them before they ever trade. With Graybook Labs we bring language models and machine learning to research, under the same rules as every other idea.

  • Petabyte-scale tick and order-book history
  • Machine learning on GPUs, from linear models to deep nets
  • Language models for news, filings and research (with Graybook Labs)
  • Rigorous out-of-sample and live-paper testing
  • Shared research platform and code review
04

Risk

Risk is a system, not a person.

Every order passes pre-trade checks in microseconds; every position is watched in real time; every strategy has limits it can’t talk its way out of. Risk and trading sit side by side, so the controls are built by people who understand the strategies.

  • Pre-trade limits in the order path
  • Real-time positions, P&L and exposure
  • Kill switches at strategy, desk and firm level
  • Scenario and stress testing
  • Independent risk and compliance oversight

Around the clock.

The trading day starts in Sydney and ends in Chicago. Each market shows whether it’s open right now, in its own time zone (regular hours; holidays not shown).

  • SydneyASX10:00–16:00 localClosed
  • TokyoJPX09:00–15:30 (lunch 11:30–12:30) localClosed
  • Hong KongHKEX09:30–16:00 (lunch 12:00–13:00) localClosed
  • SingaporeSGX09:00–17:00 (lunch 12:00–13:00) localClosed
  • FrankfurtXetra09:00–17:30 localClosed
  • LondonLSE08:00–16:30 localClosed
  • New YorkNYSE09:30–16:00 localClosed
  • ChicagoCME GlobexSun 17:00 – Fri 16:00, daily halt 16:00–17:00 localClosed

What we trade

  • [Futures]
  • [Options]
  • [Equities]
  • [FX]
  • [Fixed income]
  • [Digital assets]

One order, end to end

Every step is ours.

From the moment a price leaves the exchange to the moment our order reaches it, each step runs on software and hardware we built, tested and own.

Engineering roles →
  1. 01Market data

    Exchange feeds arrive at our servers in the colocation hall.

  2. 02Feed handler

    Packets are decoded and the order book rebuilt, in hardware where it counts.

  3. 03Signal

    Models read the book and decide what to quote or trade.

  4. 04Risk check

    Every order is checked against its limits before it can leave.

  5. 05Order gateway

    The order is encoded in the exchange’s protocol and sent.

  6. 06Exchange

    The matching engine fills it, and the loop starts again.

Want to work on all of it?

Traders, researchers and engineers sit together here. Pick where you start.

Join our team →