Independent quantitative research in cross-asset derivatives.
Wikidata Q140073187 · ORCID 0009-0002-4911-1118 · crossvol.com
CrossVol Research is the publishing arm of a 17-year derivatives desk. We publish books, working papers, and quantitative research on the structures retail traders never see: options market microstructure beyond standard Gamma Exposure, FX volatility surfaces under regime shifts, the AI infrastructure financing loop, and the convergent fault lines in private credit and Bermuda-domiciled reinsurance.
Founded by Djellal Djouad. Research output on SocArXiv, Zenodo, Academia.edu, OSF, SSRN, and Amazon.
Field study of four convergent fault lines in private credit, BDCs, AI capex, and Bermuda reinsurance.
ASIN B0H4HMVSMR
A four-lens framework for options traders who see what standard GEX misses.
ASIN B0H2QSF3X1 · DOI 10.5281/zenodo.20509786
Why the sell side is six months late on the China AI cycle.
ASIN B0H11WH3R9 · DOI 10.5281/zenodo.20509815
Vanilla and exotic options, forwards, and the OTC structures retail traders never see.
ASIN B0GX31WB5F · DOI 10.5281/zenodo.20509707
The institutional volume bringing together the firm's research lines.
ASIN B0H3LH6D1W
DOI 10.5281/zenodo.20558733 · OSF osf.io/4xv7s
DOI 10.5281/zenodo.20543628 · OSF osf.io/vfx8n
Convergent Faults: A Quantitative Forensic of Private Credit's Synchronized Systemic Risk (2026-2027)
Private credit has grown from roughly $400 billion in 2009 to about $3 trillion in mid-2026. U.S. business development companies (BDCs) now hold close to half a trillion of that. This paper maps the synchronized fault lines across software canary, healthcare rollups, consumer-restaurant LBOs, and the Bermuda-domiciled reinsurance triangle.