Unicode Digital

Unicode Digital is a multi-asset quantitative trading firm that runs systematic strategies with proprietary capital across major global venues, covering cross-market arbitrage, statistical arbitrage and mid-to-low frequency alpha, and quoting two-sided prices on some venues as a liquidity provider. The team has run this book since 2021, reports monthly turnover in the tens of billions of dollars and holds more than USD 100 million in proprietary capital.

Research splits into three lines covering market structure, derivatives term structure and fundamentals of emerging assets; factors and models then pass through a shared backtesting and risk framework before being allocated across high, mid and low frequency books. A separate on-chain group provides liquidity on decentralised exchanges, captures cross-venue spreads and runs due diligence, and earlier published research reports and incubated projects. The firm has about 30 people with backgrounds in mathematics, computer science and financial engineering.