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Morning light on a Devon riverside street, the town where the journal is edited

About the desk

A small instrument, pointed at a loud market.

Clarsachaxa publishes from 32 Bugle Place, Newton Abbot. The name is the Scots word for the Celtic harp. We wanted something precise and local, not another abstract noun with “capital” bolted on.

What we publish

Essays on machine learning use cases in markets, written in British English for people who already work with prices. Forecasting clocks. Risk models that can name their scenario. Portfolio construction after costs. Execution, including the London close. A map of where UK tapes are thick enough to deserve a model.

The pieces are educational commentary. They are not investment research in the sense of a personal recommendation, not an offer to deal, and not a managed strategy with a track record. When a note uses a story, the story is marked as a composite. We do not launder marketing case studies into the journal by changing the client’s name and keeping the percentage.

What we will not do

  • Sell trading signals, model files presented as alpha, or a subscription that implies a return.
  • Manage money, arrange deals, or hold ourselves out as authorised to carry on a regulated activity.
  • Quote a hit rate without a clock, a cost and a decision.
  • Describe techniques whose purpose is to mislead a market. Conduct is not a style guide we bolt on at the end.

Readers who need a personal recommendation should speak to a firm that is authorised to give one. Markets can go down. Nothing here is a promise that a method will make money, or that a past pattern will repeat.

How to read us

Start with the use case, not the algorithm. If a paragraph names a model class, it is because the shape of the data asked for it: mixed frequencies, a tail, a sequence of child orders, a cluster of risks. If a simpler method would have done, we would rather say so. Linear models are allowed to win.

Correspondence is welcome from research, risk and execution people who want a use case argued in public language. We answer from the Newton Abbot desk on UK business days. The address, the phone and the inbox are on the contact page, and they are the same ones in the footer of every note.