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Trading Reality — Markets in Production

Substack
tradingreality.com· biweekly· Published 12 days ago

Written by a former HFT COO and FX broker CEO, this newsletter explains how trading actually works in practice, covering payment for order flow, forex broker execution models and the effect of trading costs on strategy returns. Issues combine personal industry anecdotes with historical sources, citations and a downloadable demo strategy.

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Platform
Substack
Frequency
Biweekly
Latest issue
Oct 15, 2026
Language
English
Written for
Traders and quants curious about market plumbing and execution
Tone
conversational
Tracked since
Oct 27, 2026

Website: https://www.tradingreality.com