Lighter's early product decisions were guided by direct customer feedback, which showed that perpetual contracts dominate high-frequency trading. Spot markets are still important, but the bulk of volume and capital efficiency comes from perp trading, shaping Lighter's roadmap.
View full episode →“Emotional intelligence and persistence outweigh raw academic brilliance in quant trading”
“Egolessness and willingness to fail are essential for long‑term model development”
“Discipline, rigor, and intentionality are the three pillars that separate systematic traders from gamblers”