The Seven Arms
Each arm has its own role inside the exchange. Excluding FPGA, every team trades on QTE itself - market makers quote, market takers hunt, Fundamentals pods build theses, and the Execution Arm unwinds the large orders they generate.
Market Making
Continuous two-sided quoting across the exchange's assets.
5 teams →Market Taking
Hunting for short to medium-term alpha across the markets.
Options
Market making and taking on single stock options.
6 teams →Fundamentals
Hedge-fund style pods running longer-term, thesis-driven strategies.
8 teams →Execution
Bidding on, then unwinding, large Fundamentals Arm orders.
3 teams →FPGA
Hardware-accelerated trading and matching, separate from the main exchange for 2026-27.
3 teams →Technology
Building and maintaining the exchange itself.