Passed Pawn Capital, LLC, is a multi-strategy quantitative proprietary trading firm located in New York. We trade US and international equities, exchange-traded funds, closed-end funds, and options.
We specialize in algorithmic trading, as well as relative value, macro, and special situations.
For more information, please contact us.
According to Wikipedia, a passed pawn in chess is a pawn with no opposing pawns to prevent it from advancing to the eighth rank; i.e. there are no opposing pawns in front of it on the same file nor on an adjacent file. Passed pawns can be an advantage because only the opponent's pieces can prevent them from promoting.
Another words, when a pawn, the weakest piece on the board, becomes a passed pawn, it gets a clear path to get promoted to a Queen and often becomes a game-changer. A passed pawn, therefore, provides its owner with an uncommon upside.
At Passed Pawn Capital, our strategies are designed to provide that uncommon upside.