Epirus Consultancy is a systematic trading firm headquartered in Paris, with offices in Mumbai and Hong Kong. We design and operate research-driven strategies across derivatives, volatility, and statistical arbitrage — built on adaptive models, not static assumptions.
Each strategy targets a distinct structural inefficiency. Designed to be uncorrelated in signal genesis and execution timing. Full documentation available to qualified counterparties on request.
Systematic capture of implied volatility mispricings between India's two primary index options markets. Structural separation of exchanges creates persistent, mean-reverting IV spreads exploitable with short-duration, market-neutral positions.
Intraday mean-reversion across 60 cointegrated Indian equity futures pairs. Multiple orthogonal signal families with enforced strategy diversity, multi-scenario portfolio optimisation, and zero overnight exposure.
High-breadth signal engine on tick-level data, synthesising multiple technical factors across independent timeframes into a composite signal per instrument. Self-calibrating to prevailing microstructure. Live in continuous production with daily verifiable signal series.
Exploiting persistent implied volatility mispricings between India's two primary index options markets. Market-neutral, short-duration, fully hedged.
Backtest with realistic execution modeling (1-2 min fills, exchange-specific slippage). Past performance is not indicative of future results. Full methodology available under NDA.
Indian equity futures -- intraday statistical arbitrage. 60 production pairs across 6 strategies and 18 sectors. Market-neutral, zero overnight risk.
Walk-forward backtest with 1.5 bps cost/leg. Past performance is not indicative of future results. Full methodology and attribution available under NDA.
Methodology, performance attribution, risk controls and infrastructure overview — available to institutional counterparties under NDA.
Exploitable mispricings arise from structural forces — liquidity constraints, behavioural bias, and the mechanics of how risk is transferred between participants.
Our edge is built on rigorous quantitative research, adaptive parameter optimisation, and disciplined execution. Every strategy is data-derived and continuously validated against live market conditions.
We do not rely on leverage as a substitute for signal quality. Return generation is a function of model precision, not position-sizing excess.
Every strategy begins with a hypothesis grounded in market microstructure or behavioural finance theory. Built from first principles and validated against its target regime before any capital is committed. Research is continuous; deployment follows extensive out-of-sample testing.
Parameters are not static. We use differential evolution and Bayesian updating frameworks to ensure models remain calibrated to current conditions rather than historical artefacts. Preventing overfitting is a structural constraint, not an afterthought.
Hard separation between backtest and live environments. All infrastructure — data ingestion, signal computation, execution, monitoring — is proprietary and purpose-built. Strategies run continuously, producing a verifiable daily record shareable under NDA.
Paris-based systematic trading firm with offices in Mumbai and Hong Kong, built on 20+ years of options, derivatives, and quantitative strategy experience.
Epirus Consultancy operates at the intersection of quantitative finance and systems engineering. We do not just build strategies — we build the full technology stack required to run them reliably in production, at scale, with minimal latency between signal and execution.
The firm was founded by a derivatives specialist with over 20 years of experience across options markets, volatility trading, and quantitative strategy development. The transition from discretionary to systematic was deliberate — driven by a conviction that the most durable sources of edge are structural, rules-based, and verifiable.
All three live strategies were built from first principles, validated extensively out-of-sample, and run through live production infrastructure before any capital commitment. We do not separate the research function from the operational function — the same rigour governs both.
We are headquartered in Paris with offices in Mumbai and Hong Kong, and engage selectively with institutional allocators, family offices, and principals at systematic multi-manager platforms.
Whether you are an institutional allocator, a principal at a systematic trading platform, or a professional exploring collaboration — we welcome direct dialogue.
Strategy documentation, performance attribution, and infrastructure briefs are available to qualified counterparties under NDA.
This website is for informational purposes only, directed exclusively at professional investors and qualified persons. It does not constitute an offer to sell or solicitation to buy any security. Past performance does not indicate future results. Epirus Consultancy LLP is not a registered investment adviser.