Investment objective
SmartArb aims to generate a low-volatility, delta-neutral return stream by systematically capturing transient price dispersion across venues on deeply liquid spot pairs. The strategy is designed as a cash-plus style allocation: uncorrelated to market direction, with a tight risk envelope.
Approach
- Universe. Deeply liquid spot pairs on regulated and tier-one venues, selected for execution quality and operational resilience.
- Signal. Real-time cross-venue dispersion signals combined with order-book microstructure information to identify implementable opportunities net of fees and latency.
- Delta neutrality. The strategy is constructed to be structurally delta-neutral; exposure to digital asset market direction is minimised by design.
- Execution. In-house low-latency routing, venue-aware sizing, and continuous slippage attribution.
- Operational controls. Strict venue due-diligence, wallet segregation, and explicit per-venue exposure limits.
Who it is for
SmartArb is a strategy model designed for institutional use cases seeking a low-volatility, delta-neutral yield profile within a digital asset mandate, or as a cash-plus component inside a broader alternative allocation. It is not a substitute for cash or regulated money-market instruments. Where implemented, the strategy runs within a regulated asset-management framework.
Governance
The SmartArb model is built around the same institutional risk framework as the other strategies: real-time venue and counterparty exposure limits, transparent attribution, continuous operational monitoring, and a written venue-exit playbook refined since 2022. Where the strategy is implemented, regulated portfolio management and its governance are carried out within an authorised asset-management framework.
Frequently asked questions
What is the investment objective of SmartArb?
SmartArb aims to deliver low-volatility returns by capturing transient price dispersion across venues on deeply liquid spot pairs, while remaining structurally delta-neutral.
Does SmartArb take directional exposure?
SmartArb is constructed to be delta-neutral. The strategy's return profile is designed to be largely independent of digital asset price direction.
What are the principal risks?
The principal risks are venue, counterparty and operational risks inherent to multi-venue trading, along with the risk that dispersion compresses and reduces gross opportunity.
Discuss research, signals and tooling.
We are happy to walk regulated asset managers and institutional counterparties through the model's construction, risk envelope and the signal and monitoring tooling behind it.