Information Leakage Can Be Measured at the Source

TL/DR: Proof has put out a new whitepaper on defining and measuring information leakage. The main idea is that information leakage can be…

Diversity is 365 Days a Year

We’ve all heard the buzzworthy stats on diversity. And I think, for the most part, it’s now widely accepted that there are merits of having…

The SEC Isn’t Mad at PFOF. They’re Just Disappointed.

Payment For Order Flow, or PFOF as it is lovingly called, has become a controversial subject in retail trading. Advocates say it produces…

All I Want for Christmas Is a Broker-Dealer

This time of year, the phrase “woman-owned business” conjures images of soft knitted scarfs, ethically sourced coffee grounds, and the gift…

Ok, Economists — Let’s Talk about Domestic Violence

October is domestic violence awareness month, and I annually struggle with what to do about this. It’s not a topic where I can be a…

Announcing Proof CTO Marcio Moreno and COO Nila Das

When a new hire joins Proof, they are making a conscious trade-off: they are forgoing significant cash compensation, especially in the…

Ex-Citi Trader, Goldman Executive Added to Proof Trading Leadership Team

PROD vs UAT: How to make sure a UAT environment is a good replication of Prod and vice-versa?

A very common issue many organizations face is how to make sure a test environment (UAT → User Acceptance Testing) is a good replication of…

The SEC Says … LOL, No.

It may seem strange, that instead of catching up on House of the Dragon or The Rings of Power this weekend, I read the SEC’s “Order…

Change is Hard, Let’s Go Blogging?

I know the rules for writing a catchy post about gender diversity in finance. I’m supposed to present a problem: “Women own only X% of the…

Implicit Commissions

In the institutional trading world, folks generally think about trading costs in two terms: explicit costs and implicit costs. Explicit…