Variance | Institutional-grade engineering for capital management
Variance
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300+ clients · Trusted by firms managing $500M+

Institutional-grade engineering for capital management.

We validate and improve risk-adjusted performance with data, engineer the robust infrastructure behind it, and build the tools and platforms people actually use.

Get in touch See the work
Senior-led engagements·NDA on request·You own the IP
$500M+
capital managed by clients we've built for
0 → 2,300
paying members on a platform we built
20
countries with live systems
300+
clients, from own-book traders to institutional funds

Who we can help.

Most of our work starts as a problem, not a specification. Pick the one closest to yours and we'll show you what we've built for people in the same position.

Funds & asset managers
VALIDATION · EXECUTION · REPORTING
You need to know what is actually driving the numbers, then run it properly.

Our quants test and improve the strategy against your own data. Our engineers build the order routing, portfolio automation and consolidated reporting around it.

Learn more →
Family offices & private capital
PORTFOLIO OPTIMISATION
You hold the positions. What you need is a clearer view of how they should be weighted.

Portfolio optimisation and risk analysis. Allocation and rebalancing, hedging and exposure management, drawdown modelling, and reporting an allocator will accept: Sharpe, Sortino, information ratio, beta to benchmark, sector and geography weights.

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Professional & HNW traders
QUANT SUPPORT & AUTOMATION
Your strategy, stress-tested and running unattended.

We stress-test your rules against your own data and tell you what we find, then encode them for multi-broker execution with one dashboard to deploy, monitor and intervene. Most clients keep us on afterwards for the analysis.

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Creators & platform owners
SAAS & PRODUCT DEVELOPMENT
Your audience would buy a tool. You do not have one to sell them.

Indicators, dashboards, data platforms, algo products and member workspaces, with access control, subscriptions and billing. Built from nothing, or rebuilt when the product already sells but under-earns.

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How we work.

Quants and engineers in one team. Our quants establish whether the numbers hold up. Our engineers build what survives.

01 · WEEK 0
Scoping call

Free, with an engineer. If there is no defensible edge, or no viable product in it, we say so then.

02 · WEEKS 1–2
Written spec

Architecture, milestones and a fixed price, agreed before any build.

03 · BUILD
Paper, then live

Milestone demos against your own data. Nothing touches clients or capital untested.

04 · ONGOING
Handover

A documented codebase your own developers can maintain. Retainer optional. or we handle maintance with a fully dedicated team

Why Variance.

01
We build for performance, not to a brief

Most firms build exactly what you specify, even when the specification is the problem. We are measured on the outcome: better risk-adjusted performance, or software people actually buy.

02
Nothing off the shelf

Every system is built once, for one client, around your rules and constraints. You own the code and the IP outright.

03
We will tell you when there is nothing there

Two tests before anything gets built: does the strategy hold up against your data, and would anyone pay for the product. If either answer is no, we say so.

Get in touch
Our ethos

"We only build things that have a real data-backed probability edge."

Ben Wright
Ben Wright
CEO · VARIANCE
Selected work

What we've built.

Client systems and joint ventures we co-own. Each one solved a specific, live problem, these are selected examples.

Consolidated positionsLIVE
IBKR · US EQ$214.8M+0.42%
IBKR · FUT$96.2M−0.11%
eBEST · KR$41.6M+0.28%
CASH$12.4M-
SHARPE 1.84SORTINO 2.31MAX DD 6.2%
Ryan Korn · Korn Capital Management
Ryan Korn · Korn Capital Management
Investment management · $500M AUM · USA
Portfolio automation & execution infrastructure
What we did

Backtesting through optimisation to live deployment, with automation integrated into existing systems and consolidated reporting across brokers and venues.

The result

Automated strategies on institutional-grade infrastructure, materially lower latency, and full visibility over live positions and performance.

"Variance are the best in the business. I would not consider looking elsewhere."

Visit korncapital.com → Read the case study →
Strategy control48ms
MOMENTUM_USIBKR
MEANREV_FUTTRADOVATE
PAIRS_V3PAPER
DEPLOY SLICE ORDERS KILL
Kush Mathow
Kush Mathow
Capital managed for others · ~$50M · USA
Custom algorithmic trading dashboard
What we did

An internal dashboard to design, backtest, deploy and monitor strategies across multiple US brokers, with intelligent order slicing and distributed execution.

The result

A scalable system running at roughly 50ms with reduced slippage and full internal control over live strategies on substantial capital.

"Anyone looking for a properly built trading system can confidently trust the team end to end."

Read the case study →
CF Trading: Trade the cycle. Not the noise.
CF Trading, with Camel Finance
CF Trading, with Camel Finance
Joint venture · our own company · UK
Cycle indicator platform & subscription product
What we did

Automated fifteen years of manually executed cycle rules, then built the entire product around them: TradingView indicator, macro dashboard, education library, community and billing.

The result

We partnered with a professional trader who runs a YouTube channel and trades Hurst cycle theory. We automated the method, then built it out into a full platform: a TradingView cycle indicator, a live macro dashboard, a structured education library, community infrastructure and subscription billing. A company we co-own rather than a project we invoiced, now at 2,300+ paying members across monthly, annual and lifetime tiers.

Read the case study →
Ticker Tape panel open beside the X timeline
Ticker Tape
Ticker Tape
Joint venture · in beta · UK
Watch the tape. Read the talker.
The problem

Market research on X is buried under engagement bait, and there is no way to tell a consistently useful account from a loud one.

What we built

A Chrome extension for traders on X: filter the timeline down to one market, rate the accounts you follow on four dimensions, and keep every idea you save in one searchable library. Built and maintained by us, currently in beta.

See it at tickertape.co.uk → Read the case study →
Signal pipeline
IBKR FILL CAPTURE TELEGRAM
BUY ES · 5,214.25 · 09:31:06
SELL NQ · 18,402.50 · 10:07:44
BUY CL · 78.62 · 11:22:18
Jovany Milo
Jovany Milo
Independent trader & analyst · Israel
Automated signal broadcasting system
What we did

Connected his live Interactive Brokers account to a desktop system that captures fills centrally and broadcasts signals automatically to his Telegram following.

The result

The signal service scales with no added operational overhead, trades are captured and published without manual work.

"Very easy to work with. Great communication. Quick and high quality delivery."

Read the case study →
Every engagement, written up in full
The specification, the build and the outcome for every one.

Flagship engagements, the joint ventures we co-own, and a library of systems built to the letter of a written spec.

Client feedback

Hear from our happy clients.

Three hundred clients across twenty countries. Here is what they say about working with us.

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Leadership

Who you'll work with.

Vivek, Ben and Karan lead every engagement personally. You deal with a principal, not an account manager. Behind them sits a team of quants and engineers across execution, data and product.

Vivek Kapadiya
Vivek Kapadiya
CIO

Vivek is the quant. He stress-tests strategies against real data, works out where performance actually comes from, and decides whether there is an edge worth building on.

Strategy Validation
Performance Analysis
Risk Modelling
Backtesting
Ben Wright
Ben Wright
CEO

Ben takes products to market. Scoping the MVP, shaping the brand and positioning, and working out whether anyone will actually pay for it before a line of code is written.

Product Strategy
MVP Scoping
Brand & Positioning
Go-to-Market
Karan Parmar
Karan Parmar
CTO

Karan builds the infrastructure. Execution, broker integrations and the architecture underneath, engineered to run unattended against live capital from day one.

System Architecture
Broker Integrations
Execution Engineering
Production Reliability
The wider team

Quants and engineers across three disciplines. Who works on your engagement depends on what it needs.

01
Research & strategy
Quantitative research
Strategy validation
Risk & exposure modelling
Backtesting
02
Systems engineering
Execution engineering
Broker integrations
Backend & data infrastructure
Production reliability
03
Product engineering
Front-end & dashboards
Product design
QA & monitoring
Continuous release
The questions we're always asked

Answered here, so you don't have to ask.

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Get in touch

Tell us what you're working on.

A specialist will read it, not a sales team. Bring your rules, your current setup and your constraints, and we'll tell you what we'd build and roughly what it takes.

What happens next
01
A senior engineer reads it
Not a sales team, and not a form that disappears into an inbox.
02
We reply with a view, not a brochure
What we would build, roughly what it takes, and whether we are the right people for it.
03
A technical scoping call, free
NDA signed beforehand on request. If there is nothing to build, we say so.
VARIANCE

Quants and engineers building trading and investment systems, infrastructure and products.

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