GET https://rct.dev.bbntimes.com/technology/algorithmic-quant-funds-are-coming-for-your-cryptocurrencies

ArticleController :: show

Request

GET Parameters

None

POST Parameters

None

Uploaded Files

None

Request Attributes

Key Value
_controller
"App\Controller\ArticleController::show"
_firewall_context
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_links
Symfony\Component\WebLink\GenericLinkProvider {#3650
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    3763 => Symfony\Component\WebLink\Link {#3763
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    3762 => Symfony\Component\WebLink\Link {#3762
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    3761 => Symfony\Component\WebLink\Link {#3761
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    3760 => Symfony\Component\WebLink\Link {#3760
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    3758 => Symfony\Component\WebLink\Link {#3758
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]
_security_firewall_run
"_security_main"
_stopwatch_token
"f38508"
category
"technology"
slug
"algorithmic-quant-funds-are-coming-for-your-cryptocurrencies"

Request Headers

Header Value
accept
"*/*"
accept-encoding
"gzip, br, zstd, deflate"
connection
"close"
cookie
"PHPSESSID=udcrbg23tjkmsjkon8qtepoq83"
host
"rct.dev.bbntimes.com"
user-agent
"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)"
x-php-ob-level
"1"

Request Content

Request content not available (it was retrieved as a resource).

Response

Response Headers

Header Value
cache-control
"no-cache, private"
content-type
"text/html; charset=UTF-8"
date
"Wed, 16 Apr 2025 07:21:16 GMT"
link
"</build/runtime.js>; rel="preload"; as="script",</build/644.js>; rel="preload"; as="script",</build/502.js>; rel="preload"; as="script",</build/app.js>; rel="preload"; as="script",</build/view-more.js>; rel="preload"; as="script",</build/term-condition.js>; rel="preload"; as="script",</build/contact.js>; rel="preload"; as="script",</build/scroll-infinite-article.js>; rel="preload"; as="script",</build/app.css>; rel="preload"; as="style",</build/cookie-style.css>; rel="preload"; as="style",</build/term-condition-css.css>; rel="preload"; as="style",</build/contact-css.css>; rel="preload"; as="style",</build/comment-css.css>; rel="preload"; as="style""
x-debug-token
"f74310"

Cookies

Request Cookies

Key Value
PHPSESSID
"udcrbg23tjkmsjkon8qtepoq83"

Response Cookies

No response cookies

Session 6

Session Metadata

Key Value
Created
"Wed, 16 Apr 25 07:21:03 +0000"
Last used
"Wed, 16 Apr 25 07:21:13 +0000"
Lifetime
0

Session Attributes

Attribute Value
_csrf/https-comment
"RjO92CYZDA5pWilwt1KPh9oJfFL7OcEmFHoRyUOrj04"
_csrf/https-cookie_accept
"elVbEHb-3U2VcQ7b4KkQNLcLS0w6LFm4jXyQBJzZ1Xc"

Session Usage

6 Usages
Stateless check enabled
Usage
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Symfony\Component\Security\Csrf\TokenStorage\SessionTokenStorage:79
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    "line" => 197
    "function" => "handle"
    "class" => "Symfony\Component\HttpKernel\HttpKernel"
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    "line" => 35
    "function" => "handle"
    "class" => "Symfony\Component\HttpKernel\Kernel"
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    "file" => "/var/www/vhosts/dev.bbntimes.com/rct.dev.bbntimes.com/vendor/autoload_runtime.php"
    "line" => 29
    "function" => "run"
    "class" => "Symfony\Component\Runtime\Runner\Symfony\HttpKernelRunner"
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    "function" => "require_once"
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]
Symfony\Component\Security\Core\Authentication\Token\Storage\UsageTrackingTokenStorage:41
[
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    "line" => 41
    "function" => "getMetadataBag"
    "class" => "Symfony\Component\HttpFoundation\Session\Session"
    "type" => "->"
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  [
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    "line" => 103
    "function" => "getToken"
    "class" => "Symfony\Component\Security\Core\Authentication\Token\Storage\UsageTrackingTokenStorage"
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    "line" => 1635
    "function" => "getUser"
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    "function" => "twig_get_attribute"
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    "function" => "displayWithErrorHandling"
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    "function" => "display"
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    "function" => "render"
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    "line" => 453
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    "function" => "doRender"
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    "function" => "render"
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    "function" => "handle"
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  [
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    "function" => "displayWithErrorHandling"
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    "type" => "->"
  ]
  [
    "file" => "/var/www/vhosts/dev.bbntimes.com/rct.dev.bbntimes.com/vendor/twig/twig/src/Template.php"
    "line" => 379
    "function" => "display"
    "class" => "Twig\Template"
    "type" => "->"
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  [
    "file" => "/var/www/vhosts/dev.bbntimes.com/rct.dev.bbntimes.com/vendor/twig/twig/src/TemplateWrapper.php"
    "line" => 38
    "function" => "render"
    "class" => "Twig\Template"
    "type" => "->"
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  [
    "file" => "/var/www/vhosts/dev.bbntimes.com/rct.dev.bbntimes.com/vendor/twig/twig/src/Environment.php"
    "line" => 280
    "function" => "render"
    "class" => "Twig\TemplateWrapper"
    "type" => "->"
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  [
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    "line" => 448
    "function" => "render"
    "class" => "Twig\Environment"
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  [
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    "line" => 453
    "function" => "doRenderView"
    "class" => "Symfony\Bundle\FrameworkBundle\Controller\AbstractController"
    "type" => "->"
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  [
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    "line" => 253
    "function" => "doRender"
    "class" => "Symfony\Bundle\FrameworkBundle\Controller\AbstractController"
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  [
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    "function" => "render"
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  [
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    "line" => 181
    "function" => "show"
    "class" => "App\Controller\ArticleController"
    "type" => "->"
  ]
  [
    "file" => "/var/www/vhosts/dev.bbntimes.com/rct.dev.bbntimes.com/vendor/symfony/http-kernel/HttpKernel.php"
    "line" => 76
    "function" => "handleRaw"
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    "type" => "->"
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  [
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    "function" => "handle"
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  [
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    "function" => "handle"
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    "type" => "->"
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    "function" => "run"
    "class" => "Symfony\Component\Runtime\Runner\Symfony\HttpKernelRunner"
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  [
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    "line" => 5
    "args" => [
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]
Symfony\Component\Security\Http\Firewall\ContextListener:171
[
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    "line" => 171
    "function" => "remove"
    "class" => "Symfony\Component\HttpFoundation\Session\Session"
    "type" => "->"
  ]
  [
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    "line" => 116
    "function" => "onKernelResponse"
    "class" => "Symfony\Component\Security\Http\Firewall\ContextListener"
    "type" => "->"
  ]
  [
    "file" => "/var/www/vhosts/dev.bbntimes.com/rct.dev.bbntimes.com/vendor/symfony/event-dispatcher/EventDispatcher.php"
    "line" => 220
    "function" => "__invoke"
    "class" => "Symfony\Component\EventDispatcher\Debug\WrappedListener"
    "type" => "->"
  ]
  [
    "file" => "/var/www/vhosts/dev.bbntimes.com/rct.dev.bbntimes.com/vendor/symfony/event-dispatcher/EventDispatcher.php"
    "line" => 56
    "function" => "callListeners"
    "class" => "Symfony\Component\EventDispatcher\EventDispatcher"
    "type" => "->"
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  [
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    "function" => "dispatch"
    "class" => "Symfony\Component\EventDispatcher\EventDispatcher"
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  [
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    "function" => "dispatch"
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  [
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    "line" => 202
    "function" => "filterResponse"
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    "function" => "handle"
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    "function" => "handle"
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    "function" => "run"
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  [
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    "line" => 5
    "args" => [
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    "function" => "require_once"
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]

Flashes

Flashes

No flash messages were created.

Server Parameters

Server Parameters

Defined in .env

Key Value
APP_ENV
"dev"
APP_SECRET
"0a988e63f011514eaabfc650b599af4d"
CORS_ALLOW_ORIGIN
"*"
DATABASE_URL
"mysql://bbndb_rctuser:33F5W25z40or0f7@localhost:3306/rct_bbntimes"
GOOGLE_RECAPTCHA_SECRET_KEY
"6LdV5fgpAAAAANxzTG8ZMfIjil1wu-1vrQvnUt-x"
GOOGLE_RECAPTCHA_SITE_KEY
"6LdV5fgpAAAAAENKcn73MJAhQrbtQeqgyC4wDLMP"
MAILER_DSN
"smtp://no-reply%40rct.dev.bbntimes.com:Bl6%26gLD48%26Of919@rct.dev.bbntimes.com:465"
MARIADB_PASSWORD
"i!87pK&!85ezc8"

Defined as regular env variables

Key Value
APP_DEBUG
"1"
BASE
"/public"
CONTEXT_DOCUMENT_ROOT
"/var/www/vhosts/dev.bbntimes.com/rct.dev.bbntimes.com"
CONTEXT_PREFIX
""
DOCUMENT_ROOT
"/var/www/vhosts/dev.bbntimes.com/rct.dev.bbntimes.com"
FCGI_ROLE
"RESPONDER"
GATEWAY_INTERFACE
"CGI/1.1"
HTTPS
"on"
HTTP_ACCEPT
"*/*"
HTTP_ACCEPT_ENCODING
"gzip, br, zstd, deflate"
HTTP_CONNECTION
"close"
HTTP_COOKIE
"PHPSESSID=udcrbg23tjkmsjkon8qtepoq83"
HTTP_HOST
"rct.dev.bbntimes.com"
HTTP_USER_AGENT
"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)"
PASSENGER_COMPILE_NATIVE_SUPPORT_BINARY
"0"
PASSENGER_DOWNLOAD_NATIVE_SUPPORT_BINARY
"0"
PATH
"/usr/local/sbin:/usr/local/bin:/usr/sbin:/usr/bin:/sbin:/bin:/snap/bin"
PHP_SELF
"/public/index.php"
PP_CUSTOM_PHP_CGI_INDEX
"plesk-php81-fastcgi"
PP_CUSTOM_PHP_INI
"/var/www/vhosts/system/rct.dev.bbntimes.com/etc/php.ini"
QUERY_STRING
""
REDIRECT_BASE
"/public"
REDIRECT_HTTPS
"on"
REDIRECT_PASSENGER_COMPILE_NATIVE_SUPPORT_BINARY
"0"
REDIRECT_PASSENGER_DOWNLOAD_NATIVE_SUPPORT_BINARY
"0"
REDIRECT_REDIRECT_HTTPS
"on"
REDIRECT_REDIRECT_PASSENGER_COMPILE_NATIVE_SUPPORT_BINARY
"0"
REDIRECT_REDIRECT_PASSENGER_DOWNLOAD_NATIVE_SUPPORT_BINARY
"0"
REDIRECT_REDIRECT_SCRIPT_URI
"https://rct.dev.bbntimes.com/technology/algorithmic-quant-funds-are-coming-for-your-cryptocurrencies"
REDIRECT_REDIRECT_SCRIPT_URL
"/technology/algorithmic-quant-funds-are-coming-for-your-cryptocurrencies"
REDIRECT_REDIRECT_SSL_TLS_SNI
"rct.dev.bbntimes.com"
REDIRECT_REDIRECT_STATUS
"200"
REDIRECT_REDIRECT_UNIQUE_ID
"Z_9aazMPOH5Hdsjt6vRltAAAAA4"
REDIRECT_SCRIPT_URI
"https://rct.dev.bbntimes.com/technology/algorithmic-quant-funds-are-coming-for-your-cryptocurrencies"
REDIRECT_SCRIPT_URL
"/technology/algorithmic-quant-funds-are-coming-for-your-cryptocurrencies"
REDIRECT_SSL_TLS_SNI
"rct.dev.bbntimes.com"
REDIRECT_STATUS
"200"
REDIRECT_UNIQUE_ID
"Z_9aazMPOH5Hdsjt6vRltAAAAA4"
REDIRECT_URL
"/public/technology/algorithmic-quant-funds-are-coming-for-your-cryptocurrencies"
REMOTE_ADDR
"3.141.30.13"
REMOTE_PORT
"23611"
REQUEST_METHOD
"GET"
REQUEST_SCHEME
"https"
REQUEST_TIME
1744788075
REQUEST_TIME_FLOAT
1744788075.6428
REQUEST_URI
"/technology/algorithmic-quant-funds-are-coming-for-your-cryptocurrencies"
SCRIPT_FILENAME
"/var/www/vhosts/dev.bbntimes.com/rct.dev.bbntimes.com/public/index.php"
SCRIPT_NAME
"/public/index.php"
SCRIPT_URI
"https://rct.dev.bbntimes.com/technology/algorithmic-quant-funds-are-coming-for-your-cryptocurrencies"
SCRIPT_URL
"/technology/algorithmic-quant-funds-are-coming-for-your-cryptocurrencies"
SERVER_ADDR
"5.196.1.209"
SERVER_ADMIN
"[no address given]"
SERVER_NAME
"rct.dev.bbntimes.com"
SERVER_PORT
"443"
SERVER_PROTOCOL
"HTTP/1.1"
SERVER_SIGNATURE
"<address>Apache Server at rct.dev.bbntimes.com Port 443</address>\n"
SERVER_SOFTWARE
"Apache"
SSL_TLS_SNI
"rct.dev.bbntimes.com"
SYMFONY_DOTENV_VARS
"APP_ENV,APP_SECRET,DATABASE_URL,MARIADB_PASSWORD,CORS_ALLOW_ORIGIN,MAILER_DSN,GOOGLE_RECAPTCHA_SECRET_KEY,GOOGLE_RECAPTCHA_SITE_KEY"
UNIQUE_ID
"Z_9aazMPOH5Hdsjt6vRltAAAAA4"

Sub Requests 6

CookieController :: renderAnalysis (token = 1a9101)

Key Value
_controller
"App\Controller\CookieController::renderAnalysis"
_format
"html"
_locale
"en"
_stopwatch_token
"322c7e"

AppController :: renderHeader (token = 1c89ec)

Key Value
_controller
"App\Controller\AppController::renderHeader"
_format
"html"
_locale
"en"
_stopwatch_token
"ce69bf"
slug
"home"

ArticleController :: trendingArticle (token = ccfa4f)

Key Value
_controller
"App\Controller\ArticleController::trendingArticle"
_format
"html"
_locale
"en"
_stopwatch_token
"42f903"
category
"Technology"

ArticleController :: relatedArticles (token = 695144)

Key Value
_controller
"App\Controller\ArticleController::relatedArticles"
_format
"html"
_locale
"en"
_stopwatch_token
"f64f2b"
current_article
App\Entity\Article {#1094
  -id: 2972
  -title: "Algorithmic Quant Funds Are Coming for your Cryptocurrencies"
  -slug: "algorithmic-quant-funds-are-coming-for-your-cryptocurrencies"
  -introtext: "<p id="9874" class="graf graf--p graf--hasDropCapModel graf--hasDropCap graf-after--figure">Quantitative hedge funds, computer-powered, emotionless and systematic investing has been the flavor for some time. By actively avoiding human, it was believed that quantitative strategies would also dodge Scylla of greed and the Charybdis of fear. As far as we know, algorithms are emotionless.</p>\r\n"
  -content: """
    \r\n
    <p id="9874" class="graf graf--p graf--hasDropCapModel graf--hasDropCap graf-after--figure">But the popularity of these algorithms, from the early successes of pioneers in the space such as Renaissance Technologies (whom we here at Compton Hughes are a great admirer of) have inspired a horde of imitators and encouraged countless traditional asset managers to copy their techniques. With so much competition with similar strategies, U.S. financial markets, where quant traders are most active, have become a battleground for competing algorithms that are designed to exploit even the tiniest and most fleeting opportunities. The inefficiencies that were once rife, have now been arbitraged away by the swelling tribe of like-minded, machine-powered traders.</p>\r\n
    <p id="d4dd" class="graf graf--p graf-after--p">The same way that a whole street full of hot dog stands kills off the entire hot dog market, quant traders have essentially arbitraged themselves out of alpha in the traditional capital markets. And while some quant trading hedge funds have moved offshore, to less liquid and less developed markets, others have started to take a closer look at cryptocurrency markets, where spreads are substantial, liquidity is varying and volatility (a quant trader’s best friend) is a given.</p>\r\n
    <p id="184c" class="graf graf--p graf-after--p">Last year, Morgan Stanley estimated that the total amount managed by quant strategies, ranging from simple ones (like throwing a dart blindfolded at a dartboard with stock names) to high-octane algo-heavy ones, was around US$1.5 trillion. Given the sheer size of the amounts being managed, together with ETFs, it’s no surprise that combined, these funds are responsible for almost 90% of all U.S. stock trading. Compare that with the cryptocurrency markets, where a US$200 billion market cap these days is cause for celebration and it’s obvious why the quant funds haven’t turned up on the floors of the cryptocurrency exchanges\u{200A}\u{200A}yet. As algorithms and trading behavior become increasingly copied in the traditional capital markets, the opportunities for alpha become progressively whittled down. Many of the market glitches, inefficiencies and arbitrage opportunities have simply dried up\u{200A}\u{200A}which means that other than offshore, hedge funds are increasingly looking to diversify into other alpha-generating products.&nbsp;</p>\r\n
    <figure id="328a" class="graf graf--figure graf--startsWithDoubleQuote graf-after--p" style="text-align: center;">\r\n
    <div class="aspectRatioPlaceholder is-locked">\r\n
    <div class="progressiveMedia js-progressiveMedia graf-image is-canvasLoaded is-imageLoaded" data-image-id="1*oJXTsvg3_xDHEi02Dn1gGQ.jpeg" data-width="1940" data-height="1090" data-action="zoom" data-action-value="1*oJXTsvg3_xDHEi02Dn1gGQ.jpeg" data-scroll="native"><canvas class="progressiveMedia-canvas js-progressiveMedia-canvas" width="75" height="41"></canvas>\r\n
    <div class="progressiveMedia js-progressiveMedia graf-image is-canvasLoaded is-imageLoaded" data-image-id="1*oJXTsvg3_xDHEi02Dn1gGQ.jpeg" data-width="1940" data-height="1090" data-action="zoom" data-action-value="1*oJXTsvg3_xDHEi02Dn1gGQ.jpeg" data-scroll="native"><img class="progressiveMedia-image js-progressiveMedia-image" src="https://cdn-images-1.medium.com/max/1600/1*oJXTsvg3_xDHEi02Dn1gGQ.jpeg" alt="" width="1140" height="640" data-src="https://cdn-images-1.medium.com/max/1600/1*oJXTsvg3_xDHEi02Dn1gGQ.jpeg" /></div>\r\n
    </div>\r\n
    </div>\r\n
    <figcaption class="imageCaption"><em><span style="color: #808080;"><strong><br />“Dang it, should have put my money in Bitcoin in&nbsp;2012.”</strong></span></em></figcaption></figure>\r\n
    <p id="a1cf" class="graf graf--p graf-after--figure">Already, Northern Trust, Fidelity Investments and other traditional big names are offering many of the traditional custodial and fund administration services which are a precursor to hedge funds entering into the cryptocurrency trade. With fund administrators increasingly learning the ropes from existing cryptocurrency traders on how to dole out daily and monthly NAVs and the likes of PwC and KPMG gearing themselves up for their audit functions, it’s more a matter of “when” and not “if” algo-driven traders start pouring into the cryptocurrency markets.</p>\r\n
    <p id="b2cf" class="graf graf--p graf-after--p">But does this spell the end for home-brew cryptocurrency day traders?</p>\r\n
    <p id="5252" class="graf graf--p graf-after--p">Not by a longshot. Fortunately, many of the best cryptocurrency exchanges were built by those inspired by the cypherpunk movement and the decentralized ethos. For instance, unlike on the NYSE or NASDAQ, where access to APIs (Application Programming Interface) is tightly controlled to a group of industry insiders, almost all cryptocurrency exchanges provide their APIs so that whether you’re a trader wearing pajamas trading from home or at a prop trading desk\u{200A}\u{200A}the playing field is level. Cryptocurrency exchanges also impose rate limits\u{200A}\u{200A}both for technical reasons (most exchanges would freeze up without these rate limits) as well as fair-play reasons. What this means is that there isn’t a significant advantage to be had by siting your trading desk near the exchange\u{200A}\u{200A}unlike on Wall Street where HFTs try to locate themselves as close to the NYSE’s servers as possible to lower the lag in the fiber-optic cables. Rate limits on cryptocurrency exchanges ensure that all players have a fair shot at the trade. Finally, the ticket size. Almost all cryptocurrency exchanges charge a fee on trading which is a percentage\u{200A}\u{200A}there is no minimum flat fee and no minimum trade size for efficiency. What this means is that even the smallest trades (which we do) are still viable, because there is no minimum trading fee. This means that even a trader with a small pile of cryptocurrency can trade as if they were a large fund, making and scalping millions of trades a month.</p>\r\n
    <p id="edf8" class="graf graf--p graf-after--p graf--trailing">While much of the regulatory, custodial and administrative infrastructure necessary to give quant funds the green light to enter cryptocurrencies are in the process of development or are yet to be developed, the writing is on the wall. Some of the most storied companies in the financial world are pouring, money, manpower and machinery into building the infrastructure that will allow funds to start trading easily in cryptocurrencies\u{200A}\u{200A}it’s just a matter of “when” and not “if.”</p>
    """
  -user: Proxies\__CG__\App\Entity\User {#1092 …}
  -createdAt: DateTime @1541763695 {#1145
    date: 2018-11-09 11:41:35.0 UTC (+00:00)
  }
  -updatedAt: DateTime @1541765067 {#1150
    date: 2018-11-09 12:04:27.0 UTC (+00:00)
  }
  -deletedAt: null
  -category: App\Entity\Category {#445 …}
  -status: "published"
  -imageCard: Proxies\__CG__\App\Entity\File {#1184 …}
  -ImageHeader: Proxies\__CG__\App\Entity\File {#1184 …}
  -featured: false
  -mainView: false
  -clicks: 7527
  -comments: Doctrine\ORM\PersistentCollection {#1125 …}
  -reviewed_at: DateTime @1541763692 {#1148
    date: 2018-11-09 11:41:32.0 UTC (+00:00)
  }
  -metakey: ""
  -metadesc: "Quantitative hedge funds, computer-powered, emotionless and systematic investing has been the flavor for some time. By actively avoiding human, it was believed that quantitative strategies would also dodge Scylla of greed and the Charybdis of fear. As far as we know, algorithms are emotionless."
  -robots: null
  -publishedAt: DateTime @1541763692 {#1147
    date: 2018-11-09 11:41:32.0 UTC (+00:00)
  }
  -canonical: null
  -superTag: null
}

AppController :: renderFooter (token = 168aa6)

Key Value
_controller
"App\Controller\AppController::renderFooter"
_format
"html"
_locale
"en"
_stopwatch_token
"dd5840"

CookieController :: renderCookie (token = fee1a5)

Key Value
_controller
"App\Controller\CookieController::renderCookie"
_format
"html"
_locale
"en"
_stopwatch_token
"1d763a"