A small firm trading
its own capital.
Hidden Lattice Capital is a proprietary trading company registered in Cyprus. The company trades only its own capital. It does not hold client funds, does not manage third-party assets and does not provide services to the public.
Who runs the firm
One founder came up in crypto, the other in traditional markets.
Nick Evangelatos
Nick traded digital assets on an institutional OTC desk, quoting blocks and providing liquidity to trading firms and other institutional counterparties. He has worked in crypto markets through several cycles.
LINKEDIN →Brad Howell
Brad has traded for more than a decade, starting in fixed-income derivatives and going on to run a London trading business. He brings the pricing discipline and risk framework of mature markets.
LINKEDIN →Why "Hidden Lattice"
A market looks like a price. Underneath it is a lattice of venues, counterparties, contracts and collateral, connected in ways no single screen shows. Much of that structure is mapped and priced. The rest stays hidden, and that is where the opportunity sits.
Finding it is the work. We study how the market actually clears, and we price what the study shows. The mark says the same thing: a lattice inside the ring, with the centre filled in.
One desk, one balance sheet: proprietary algorithmic trading in digital assets.
We trade the firm's own balance sheet. Every position is ours.
Risk comes first
We trade our own capital, so the downside is ours. Limits are set independently of the desks. Every strategy can be switched off quickly, and drawdown lines are agreed in advance.
Positions are marked daily and measured against the market, not against a narrative.
Fewer people with real ownership. No layers between an idea and the person who approves it.
Every loss is reviewed until we can explain it. An unexplained loss is the one that repeats.
We do not take trades, hires or markets we would not want in ten years.
One company, one desk
Hidden Lattice Capital is the trading name of Avorex Ltd, a proprietary trading company registered in Cyprus, registration number HE 495389. The firm trades as principal for its own account. One desk, one risk framework.