ANNANAY - s2, ep2 - YC, how to be a quant, and building the future of trading
A founder-level deep dive into perspetual futures for traditional markets: why “market hours” are a legacy constraint, how exchange incentives really work (spreads, fees, rebates, PFOF), and what it takes to ship a venue that’s transparent, fair, and built for 24/7 trading.
* Why perps can be the simplest, lowest-cost wrapper for both retail and pros—and how they map to swaps in tradfi
* Why leverage limits exist (hint: protect the exchange + users, liquidation stack, ADL risk)
* How to break into quant
* What YC is actually like and if it is worth it
* Founder operating cadence: the Monday ritual that removes “stuckness” and keeps teams moving fast
The cherry on top of all of it.... I’ve got 5 early access codes for QFEX. If you want to be early (and not hear about it after everyone else):Sign up with my link below and fill in the form. Only 5 codes available. No second batch. Thousands will see this
When they’re gone, they’re gone.
* 00:00 — What’s being built + soft launch update
* 04:00 — Background: quant/HFT path → exchange obsession
* 08:00 — “Tradfi exchange structure is… bad” + why perps in tradfi
* 28:00 — Quickfire begins: perps, leverage, market structure
* 33:00 — Co-location: when it’s fair vs when it gets sketchy
* 35:00 — Maker rebates explained (with the clearest example you’ll hear all week)
* 48:00 — Founder “training montage” + weekly rituals
* 51:00 — Advice from Tom Blomfield: “build it fast, launch now, make it 24/7”
* 54:00 — How to convince the harshest critic in 60 seconds
Links:
https://qfex.com/@vedl1 [https://t.co/K3RlS6F7Xl]
https://forms.gle/mS19heDAYAeaGVvDA [https://t.co/zpWvLtf3mf]
Not financial advice; markets are risky.