March 31, 2022

Why is intraday trading so hard, Where is the ES liquidity, and When are most market moves happening (overnight), with Deepfield’s CEO, Bastian Bolesta

1 hour 33 minutes

Who in the right mind would choose to make a living day trading stock index futures? It must be one of the most competitive, most challenging arenas out there with HFT and 10s of billions of dollars in quant strategies chasing alpha. In this week's episode, we're chatting up the founder and CEO of short-term systematic shop Deepfield Capital from Switzerland, who ply their wares on stock index markets from Asia to Europe, the U.S.

Bastian also discusses why there is a difference between market movement during the day and overnight sessions, the status of ES liquidity these days, whether less liquidity will bring new opportunities, the science (and art) of strategy research, why VIX futures are tough to trade, and more! Plus, as a bonus, we find out why Bastian dressed in a full head-to-toe Chewbacca costume for a wedding.

Chapters:

00:00-01:25 = Intro

01:26-14:20 = A Swiss View on Swiss Neutrality

14:21-29:11 = Is Day trading Stock Indices the hardest game around?

29:12-51:56 = Why is there such a Difference between Market Movement in day and overnight sessions?

51:57-59:42 = Where is ES Liquidity these days? Does less Liquidity bring More Opportunity?

59:43-01:19:00 = The Science (and the Art) of Strategy Research

01:19:01-01:27:45- Why VIX Futures are Really Hard to Trade

01:27:46-01:33:34 = Two Truths & a Lie

Follow along with Bastian on Twitter @LongVol_DFC and for any questions email him at [email protected]

About Bastian Bolesta

Bastian Bolesta is a founding partner and Chief Executive Officer of Deep Field Capital AG (DFC), a Switzerland-based, independent, purely systematic asset manager, developing and trading niche intraday and short-term systematic programs in global futures and equity markets. DFC's expertise in developing short-term quantitative programs is built on +20 years of independent, proprietary trading. As CEO and member of the Investment & Research Committee, Bastian drives Deep Field's business development and investment process for its systematic investment strategies on the proprietary trading and asset management side.

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Disclaimer: This podcast is provided for informational purposes only and should not be relied upon as legal, business, or tax advice. All opinions expressed by podcast participants are solely their own opinions and do not necessarily reflect the opinions of RCM Alternatives, their affiliates, or companies featured. Due to industry regulations, participants on this podcast are instructed not to make specific trade recommendations, nor reference past or potential profits. And listeners are reminded that managed futures, commodity trading, and other alternative investments are complex and carry a risk of substantial losses. As such, they are not suitable for all investors. For more information, visit www.rcmalternatives.com/disclaimer

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