Sell at dawn and go away – but come back after lunch

Historic and well-known intraday seasonal patterns can deliver return-to-risk ratios in excess of 1. Tradefeedr’s Alexei Jiltsov explores whether execution desks should employ these factors


The variables that help forecast the future direction of asset prices are a hot commodity. Every time predictability is discovered, it is eventually either arbitraged away or labelled as a risk factor. The former is commonly known as alpha, while the latter is often referred to as alternative – or smart – beta. The efficient market theory refers to the discovery of predictability as anomalies.

By definition, predictability is any repeatable pattern in prices. Some well-known patterns are not

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Outlook for e-FX: opportunities and risks for banks

As electronification spreads into new areas of FX trading, banks are under pressure to digitise more of their offerings to remain competitive. The race is now on to automate pricing, trading and hedging in areas such as non-deliverable forwards, swaps…

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