Three desks,
one balance sheet.
Hidden Lattice Capital trades digital assets, frontier assets, and futures and rates. Research, trading and engineering sit on the same floor.
What each desk does
24/7 market making
We quote two-sided markets in major cryptocurrencies and derivatives on leading venues. Automated systems manage inventory, spreads and hedging around the clock, supervised by traders.
Compute, spectrum, bandwidth
Pricing, forward contracts and over-the-counter liquidity in markets that have no exchange.
Index, energy and fixed income
A liquidity business in mature markets that finances and hedges the frontier desks. Every position nets against the rest.
Markets without screens
These markets have no reference prices, no standard contracts and no order books. We build pricing models, write the first forward contracts, and quote in size we can manage.
AI compute
We price compute-hours, structure forwards on capacity, and quote as the asset becomes tradable.
Spectrum & satellite
Spectrum rights and satellite bandwidth are scarce, regulated and priced by negotiation. We price them and provide liquidity over the counter.
New markets
We do not keep a fixed list. We start work when something scarce trades by negotiation and demand is growing.
Research
Researchers work from raw market data, tick-level and full-depth. A signal has to survive out of sample, after costs, at size.
Research sits on the trading floor. A model can be quoting live markets within days, with P&L attributed back to the hypothesis behind it.
Technology
We build our own exchange connectivity, order management, market data capture, simulation and real-time risk. Latency matters. Correctness matters more.
Engineers own systems end to end, from colocation hardware to risk dashboards. The same code that backtests a strategy replays it against production data nightly.