Bet The Process Trading and More with Kris Abdelmessih
20 snips
Jan 31, 2026 Kris Abdelmessih, an experienced quantitative trader and former SIG trader, shares stories from trading floors and market making. He discusses the evolution of trading firms, maintaining debate-driven cultures while scaling, sizing as risk control, prediction markets versus sportsbooks, phantom liquidity and adverse selection, and real-life market anecdotes.
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Relentless Culture Of Edge
- Trading success comes from an unrelenting culture of finding and defending edge.
- SIG maintained this by encouraging constant questioning and rigor around risk.
Begin With Paranoia
- Start from paranoia and assume competitors will improve and adapt.
- Revisit fundamentals and size positions to survive regime changes.
Closing The Gas Book
- Kris described closing his natural gas options book after volatility collapsed due to shale production.
- They redeployed infrastructure into silver where opportunities opened up.
