
Building The Next Generation Of Crypto Research & Trading Technologies, at scale.
We're a six-year-old crypto hedge fund that focuses on systematic trading and HTF, on CEXs & DEXs
About us
GDA Fund (previously known as Blockchain Partners Holdings) is a six-year-old leading crypto research, financial engineering & technology firm. We are a team of experienced traders, data scientists, extreme programmers, financial analysts, and talented engineers based out of Sydney and San Francisco. We built our entire company without any external funding and will continue to run like a startup. Our most recent milestone —Project L3 Atom (the world's first open crypto data initiative) makes us extremely proud.
Our next big milestone involves the world's first all-in-one quant research & algorithmic trading solution for both centralized and decentralized exchanges. Beta is launching on 15th Feb 2022.
We are building the early building blocks for web 3.0 and are extremely passionate about building open source tools to innovate.
M2M, blockchain, and crypto are the future. All of our proprietary tech will be given to the community for free under GDA Open License. Yes, no catch. We are true believers of the spirit of crypto and blockchain—the economic freedom, where everyone should have access to financial freedom. We are dedicated to making a difference. All of our R&D and operations are available for the public to verify.
We live and breathe in crypto and blockchain 24/7. We love taking on big challenges. Crypto is a thriving, wild 24/7 industry. Solving problems and building the technology means we have to do a 100x better job than a typical one. It pushes our imagination and creativity to its limits. Often, we have to rethink everything from first principles. This gives unprecedented value and opportunity for creativity, extreme engineering, and innovation. The brilliance of companies like SpaceX and Tesla is that they apply an approach of establishing what is called a vertically integrated monopoly (VIM). VIM’s involve a lot of complex pieces and moving parts that are able to fit together in just the right way. We believe that decentralised smart systems will play a major role in the global economy, enabling trillions of dollars worth of industries to merge in the coming years.
25,000+
Hours in R&D
79,600,000
24 Hours Entries and Reads.
5ms
Data Enhancement Speed
2,000+
Indicators and Patterns
Stats
PnL
(YTD)
+1,236%
MDD RFF
adjusted
-41.10%
Strategy
Systematic & quantitative trading (L-MFT)
Contracts
Futures, Perpetual & Inverse Perpetual
Sharpe measure
3.6%-27.6%
Beta (BTC)
57.6% (Stablecoins, BTC & L1)
AUMG
(YTD) (PB 1-4)
+758%
MDD RFF
adjusted
-68.25%
Strategy
SP & long-only
No. Holdings
36
Net Max Concentrated
57.6% (Stablecoins, BTC & L1)
Distribution
IB 01: Conservative (60%*)
IB 02: Semi (20%*)
IB 03: Moderate (10%*)
IB 04: EMs (8%*)
MDD: Maximum Drawdown | RFF: Risk-free rate adjusted
IB: Investment basket








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L1 smart-contract, L2 SMB, RF middleware, Side-chains, DEX, Cross-chain SE solutions, Efficient, IBC
Activities
An intersection of engineering, trading and quantitative research.

Combines systematic crypto trading and years of algo research. With trial and error, we have developed a scientific approach to algorithmic strategy development, execution and optimisation on both centralized and decentralized exchanges.
High-frequency trading
Academic research and product innovation
For the first time, Project L3 Atom enables atomic granularity on the order book and is able to scale low latency trade execution and signal generation. The rich data and insights of the market impact, participant fill rate, order flow, order book and real-time supply and demand allows us to test, design and optimise high-frequency trading on crypto futures and derivatives.
Advanced quant research and extreme programming
Project L3 Atom has enabled a new generation of data analysis methodologies, data analysis techniques, statistics and crypto native insights to innovative quantitative research and to develop highly scalable trading technologies. Our extreme software optimization framework (ESOF) is designed to scale software development with ever changing requirements.
Algorithmic trading
Crypto is a wild 24/7 industry. Often needing to rethink engineering and problem-solving in first principles. It pushes imagination and creativity to its limits while giving unprecedented value and opportunity for innovation. Our engineers, researchers and product managers work day and night to improve and invent new ways to solve difficult problems.
Data is Everything.
Information is the most valuable commodity in the world.
"The problem"
Big market participants can manipulate data, spoof trades and do other malicious acts to the detriment of data quality. Exchanges can and do throttle user connections to limit their data capabilities — there are no incentives for them to deliver high quality data. The lowest possible data latency (time-delays), data granularity, iteration speed and data flexibility are the bedrock of the quantitive and HFT world.
Today's crypto market data

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Low quality, noisy data. Inadequate for proper backtesting and HFT research- e.g. LOB events are aggregated (three events are reported in LOB)
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Low speed, high latency.
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Change in data notified as it happens to web-socket feeds
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Connections are over a WS and drop constantly (part of a throttling policy)
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Corrupted matching engine has preferred users that jump queue.
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Free, and no SLA
Traditional markets

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Highly regulated, change in data given years in advance
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Protocols such as FIX have hundreds of message types (more data points)
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Reliable stream via PNs
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All connections will have an identical latency in the nano seconds
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Matching engine works on a strict FIFO basis
Project L3 Atom World's first open crypto data initiative.

Using advanced data science, high performance computing and clever engineering, we are recreating the missing events and reconstructing the L3 order book into its atomic structure in real-time .
1
2
3
High Performance Computing & Better Network Engineering
Kernel Bypass Networking With FD.io and Vector Parallel Processing
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Data plane development kit
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FD.io VPP - the "Magic" of Vectors
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Intel xeon instruction cache and data cache always hot
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Minimized memory latency and usage
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1 Tb/s throughput
Hardware optimised for computation
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c6i.metal Ec2 instance optimized for computation
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3rd Generation Intel Xeon Scalable processors (code named Ice Lake)
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L1 Bandwidth is 100 Gbs
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AVX512 Vector instruction set
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10 nm Architecture
Max Software Optimisation
C++ HPC
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Vectorisation
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SIMD enabled functions
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Vector dependence
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Strip mining
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Intel Cpp compiler
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Intel Open MP for multithreading
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Intel Clusters MPI for distributed computing
Python HPC
CPython
NumPy
NdArrays: Shape shifting
Ufuncs
Collective methods
Statistical Analytics with SciPy
Creating Rich Data, Normalisation & Enhancement
Processing snapshots + trades + 3 LOB events in memory - real time
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LOB rebuilt in memory, metrics calculated in real time.
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Using multidimensional NdArrays and shape shifting , we move from three events to eight atomic events in the LOB
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We are aware of our position in the LOB price queues - enhanced L3 (L3 Atomic)
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Data is normalised and enhanced with above additional information in real time
Statistical Analytics on Market Quality
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SciPy calculates order flow analytics






Results
Atomic Granularity.
Enabling the new era of quantitative finance & financial engineering in crypto.

Allowing a deeper understanding of the order flow, supply and demand, order book and liquidity.
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Participant market impact to market microstructure correlations mapping
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Participant market impact
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Participant fill rate
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Value areas, liquidity & volume clusters mapping
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Shapeshifting phenomenon detection
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Liquidity traps & SFP detection
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MM fakeouts density
Research & Development
Advanced quantitative research & backtesting, insights into market microstructure and order book dynamics, designing market behaviour models, data driven contract insights, liquidity clusters heat-map development.
Predictive Analytics & Predictions
Liquidity clusters shapeshifting phenomenon, market microstructure correlations, market strength & weakness index, trend developments, identify trading ranges and the trend distribution, estimate fluctuations & volatility.
Signal generation
Signal contact strategy development, multi assets accelerated signals, cross strategy design and development (generating alpha combining strategies across CEX/DEX)
Management
Liquidity aggregation, portfolio constructions, composition & analytics, rebalancing
Execution & Optimisation
Enhancing trade execution (CEX & DEX), smart order routes, deeper liquidity cost optimisation, HFT load-balancing, pricing & fee optimisation, cost effective market entry
Risk
Advanced risk model development, tail-hedging, liquidation management

Institutional-grade data: L2, L3 & L3 Atomic data streams.
Open Data Streaming Suite (ODSS)
And, yes, it's open source
Lite: 937,935 | Advanced 49,634 | Max 9,736
Open Data Streaming Suite (ODSS) Specs






Inverse & USDT Perpetual
Spots
Spots & Futures
Spots & Futures
SP/F
Enhanced Data
Last, Index and Mark price, Open interest/value, Cross sequential, Delivery fee rate, Predicted delivery price, Predicted funding rate, Aggregate open position values, Long short ratio, Taker volume, Contract/Index Basis, Error logs
Customisable Data
Normalised funding rate (NFR), Extended open interest (EOI), Fund flow ratio, ADL/Insurance fund health, GLP (Maker/taker fees)
All-in-one research & algorithmic trading and execution engine for both centralized and decentralized exchanges.
Releasing 15-Feb-2022

FTX, Bybit, Coinbase, Binance, OKex, Phemex, Kraken, Kucoin - (Spot, Futures, Perpetual) - 15th Feb 2022
Uniswap, dYdX, PancakeSwap, Sushiswap, 1inchexchange, Perpetual Protocol - (Spot, Perpetual, SP/F) - 26th Feb 2022
50ms
1TB/S
Reducing the noise substantially and building a cohesive map of the volume,
liquidity and hidden layers of the market microstructure.
Advanced filters, indicators
Reducing the noise substantially and building a cohesive map of the volume,
liquidity and hidden layers of the market microstructure.

Raw Data
Filters
(Raw data + filtering level 1 formula)
Level 1 Indicators
(Filter + Level 2 formula + TA)
Level 2 Indicators
(Level 1 Indicators + Level 3 formula)
1TB
Data per/day
Automated Chart Pattern Recognition Infrastructure (ACPRI)
State-of-the-art pattern recognition infrastructure natively designed for crypto.
ACPRI is a middleware application that uses Machine Learning (ML) to detect and automate chart pattern recognition.



The Typical Technical Pattern Analysis (TTPA)
This module consists of up to 2,000 common technical chart patterns, including head and shoulders, flags, wedges, cups, handles, and rectangles.
The Volume and Liquidity Clusters Chart Analysis (VLCCA)
Uniquely designed libraries of liquidity and volume clusters on spots and futures from major centralised exchanges. Its primary aim is to identify and represent the market microstructure strength, liquidity depth, market relativity and momentum. The VLCCA module helps identify the major liquidity concentration areas, spot stop hunting, liquidity traps, SFP areas.
The Advanced Technical Pattern Analysis (ATPA)
Tailored for the Bitcoin (BTC)and Ethereum (ETH) futures markets to represent and identify the market microstructure correlations, strength or weakness, trend development, shapeshifting phenomenon, identify a trading range and the trend distribution, downtrends, and sideways markets.
Next-gen backtesting engine.
Simulating the real-world trading environment.
This open backtesting tool is designed to develop paper trading strategies, combine strategies, deploy single and cross equities, test accelerated signals, and customise risk profiles all in a safe environment without the risk of losing capital. Connect crypto L3 & L3 Atomic data for advanced quant research and HTF strategy development.
Binance - v1.0 released
FTX, Bybit, Coinbase, OKex, Phemex, Kraken, Kucoin - (Spot, Futures, Perpetual) - 15th Feb 2022
Uniswap, dYdX, PancakeSwap, Sushiswap, 1inchexchange, Perpetual Protocol - (Spot, Perpetual, SP/F) - 26th Feb 2022
Capture
Pro Charts
Generate and export high resolution trade instants using the TradingView GUI framework.
Powerful execution engines and connectors for both centralized & decentralized exchanges.
Exchange connectors and execution engine infrastructure that enables two-way communication between exchanges, L3 Atomic Open Data Lake & backtesting engines.
1TB
10ms
Data per/day
Speed

Be part of our team of 12+ motivated members.
We are a team of experienced traders, data scientists, quants, financial engineers and talented engineers based out of Sydney, San Francisco and around the world.
Sebastian Wüs
Harut Grigoryan
Priyanka Pursan
Gavin Stein
Cryptocurrency Derivatives Trader
(Bybit/FTX/Coinbase)
Distributed/Networking Software Systems Lead
ML Research
Technology & Research
Analyst
Jack Lodge
Smart Contract and DLT Research Analyst
Explore Open Positions
Work with innovators to solve complex problems
Track progress
Access Data Lake
View all research publications

2021
Project L3 Atom—the world's first open crypto data initiative. By using advanced maths, data science, high-performing computing and clever engineering, we were able to recreate the L3 order book into its atomic structure in real-time, enabling a new generation of data analysis methodologies, quantitative finance and algorithmic trading solutions.
Development of back testing engine by mirroring Binance and Bybit exchange in our servers in nano-second granularity, with extreme precision to replicate the real-world trading environment
Develop, test multiple systematic HFT trading on framework on 30s, 1m, 5m, 10m (BTC/USD Futures & Perpetual)
Removing Noise from Crypto Volume & Liquidity Data (GDA Level I — Level III filters and indicators framework)
2022 Q1
Expand L3 Atom in to DEX (Trade Vol snapshots, Concentrated Liquidity, Range Position, Mempool,IL (Impermanent Loss)
Expand L3 Atom in to DeFi: APY (Annual percentage yield),APR (annual percentage interest),TVL (Total Value Locked),Trade Vol snapshots,Liquidity snapshots)
An institutional-grade quant workflow infrastructure for rapid strategy development.
Advanced execution and matching engine with aggregated deep liquidity in spots and futures (DEX & CEX)
Liquidity clusters management for LPs & risk distribution tranches modeling and agent-based execution optimization.

Research Lab
Our interdisciplinary R&D lab is working to solve complex problems, build and deploy cutting-edge technology at scale.

Apply for
R&D Grant
ACPRI (Automated chart pattern recognition infrastructure) framework using Deep Learning.
Application closing dates : January 15th
USD 50,000

We are hiring.
Master of Information Technology Management
Bachelor of Project Management
Bachelor of Commerce (Honour)
Executive Master of Business Administration
Doctor of Philosophy (Engineering)
Aeronautical Engineering (Honours) - Programming
Junior Software Engineer (Intern)
Junior Software Engineer (BA or MS Honours)
Junior Data Scientist (BA or MS Data Science)
Junior Analyst (Mathematical Sciences BA or MS)