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Founder Story

The Trade That
Built Everything

Shehzad Ahmed

Shehzad Ahmed

Founder · Arcus Quant Fund

BBA Finance + CS Minor · IUB Bangladesh · 18+ months live trading

I need to tell you something that changes everything about this story. I am not building a quant fund in Bangladesh. I am building an entire discipline from scratch in a country where it does not exist.

There are no quant APIs. There are no broker APIs for algorithmic trading. There are no quant jobs, no quant roles, no quant community. No one around me who understands what I do. I have been grinding completely alone for over two years. Dr. Bhuyan was the first person who looked at my work and immediately understood its value.

When I started, there was no API. Not for the Dhaka Stock Exchange, not for any broker in the country. I built the first DSE trading bot by automating a brokerage web interface through Selenium — because that was the only way to place trades. Browser-level automation on a desktop computer in Dhaka. No cloud, no infrastructure, no tools. Just a laptop and stubbornness.

The DSE bot worked. The thesis was correct. But the market went flat — sideways for months with no movement, no volatility, no opportunity. That is when I pivoted to crypto. Not because it was trendy, but because it was the only market where someone in Bangladesh could actually trade algorithmically. Interactive Brokers was the gateway. First time in my life I had real tools.

Every tool I have used — Python, Postgres, Supabase, Oracle Cloud, Binance API, Foundry, Solidity, cadCAD, Stable Baselines — I learned alone. Every concept, every strategy, every optimization technique. No courses, no mentors, no team. Just documentation, trial, and error.

You are not just reading about a fund. You are reading about someone who built an entire discipline from nothing — in a country where the concept of quant trading did not exist before him. That is not a story about returns. That is a story about what humans do when they have no infrastructure and no permission.

The January 2026 Trade

In January 2026, I made the largest trade of my life. A leveraged position on silver perpetual futures — most of my net worth. I had spent weeks building the thesis: US executing coordinated resource nationalism across Venezuela, rare earths, semiconductors. China restricting silver exports. The dollar being used as a weapon. My models said 85–90% probability of success. Expected return: over 1,000%.

The thesis was right. The trade was not.

Silver crashed 30% without warning. My position was liquidated. I lost most of what I had built.

That night I made a vow: I would never place a manual trade again.

The honest version: I already knew how to build a system. I had taught myself Python, built backtesting engines from scratch, run thousands of simulations, constructed the full stack — data infrastructure, optimization engine, walk-forward validation, cloud deployment, monitoring dashboard. I had done all of it.

What I did not do was use it for the silver trade. The thesis felt so clear, so well-researched, that I got lazy. Setting up a proper bot means months of analysis, simulation, optimization. I skipped it. I traded manually. I told myself conviction was enough.

It was not. The loss taught me that cutting the process short — even once, for even the strongest thesis — is how you lose everything. The vow was not to learn something new. It was to never again pretend I could afford to be lazy about what I already knew.

October 2025

For most of 2025, crypto was in a slow bleed. XRP, the asset my bot trades, peaked at $3.40 in mid-2025 and spent the rest of the year falling. By year end it was near $1.88. Nearly fifty percent gone from its high.

Across that entire period — while the underlying asset lost half its value — the bot kept making money.

Then came October 10th.

Trump announced 100% tariffs on China. Within 24 hours, $19.37 billion in crypto positions were liquidated. 1.6 million traders wiped out in a single day. Bitcoin fell 18%. XRP and altcoins dropped 60–80%. Yahoo Finance called it "the most cursed month in crypto history."

At 2:39 AM on October 12th, my stop-loss triggered at −17.41%.

I was asleep.

The system exited. No hesitation, no "maybe it comes back," no one watching a screen at 2 AM hoping for a reversal. The rules executed. Two days later, the system re-entered on its own. I finished October with a profitable month — five trades, net positive.

That is the point of building a system rather than trading with conviction. I do not follow individual trades. Most days I am entirely unaware the bot has done anything until I check the balance. I know exactly how it behaves in every market condition — but I do not need to watch it.

For that October drawdown the system behaved as the simulations said it would — the stop pulled it out around 17%, inside the modelled range. The underlying asset lost fifty percent of its value across the year. The bot finished the month profitable. The difference was not intelligence or courage. It was the presence of a system that did not care what I believed — and did not need me to be awake.

The Numbers

Over 18 months of live trading on 3.5x isolated margin, the strategy more than doubled at its peak and has since given back part of that through a drawdown — the normal rhythm of any systematic approach. I don't trade for a headline figure; I build a system that survives both the runs and the drawdowns. Current performance is shown live on the track record page; the detailed record stays private for clients.

Before going live, I validated across 517+ assets. 2-year backtest. 8-fold walk-forward (87.5% folds profitable). 10K Monte Carlo simulations. Every parameter stress-tested. Every edge verified.

I tested LSTM, Random Forest, and Hidden Markov Models on DSE equity data before concluding that rule-based DC+VWAP-EMA generalizes better on thin markets. Walk-forward validation showed ML overfitting — so I chose the approach that works, not the approach that looks impressive.

The Question I Could Not Answer

The bot was making money while I slept. Friends, family, people who watched my balance grow month after month — they all asked the same thing first. Not how does it work? Not can I invest? The first question, every single time, was: is this halal?

And I could not honestly tell them yes.

The bots use margin. Leverage. Borrowed money carries interest — riba — and interest is the one thing Islam draws a hard line against. I was a Muslim making money in my sleep off instruments built on the exact thing my faith forbids. I could dress it up, I could point at the returns, but I could not look someone in the eye and say it was clean. That bothered me more than any drawdown ever did.

So I sat with the question instead of dodging it. And the more I looked, the more I became convinced the problem was not finance itself — it was one assumption buried inside it. The interest term. A single parameter. What if you could rebuild these instruments — the same mathematical elegance, the same economic function, the same perpetual futures mechanism — with that one parameter set to zero?

That unanswerable question is where Baraka came from. Not from a business plan. From not being able to tell the people I loved that what I did for a living was permissible.

What I Knew

Here is what I kept coming back to. Everything I have — the mind that builds these systems, the ideas that arrive at 3 AM, the strange ability to see the connection between two things nobody else thinks to connect — none of it is mine. It was given to me. The money the bot made while I slept was not mine either. It came from Allah. Every victory I have ever had came from Him.

And if all of it is from God, the rest was simple. If He could give me returns through leverage and interest, He could give me better returns without them. The easy way — loans, margin, riba — was never the only way. It was just the first one I found. To assume it was the best one was to assume that the limits of what I had figured out so far were the limits of what was possible. They were not. They never are.

So I made a decision that was really an act of trust. I would not take the easy way out. I would use the exact faculties He gave me — the same mind, the same pattern-recognition, the same stubbornness — to find a path that was clean. Not because it was guaranteed to work, but because I believed God would provide for someone who refused to cut the corner he was told not to cut. It is God who makes us victorious, and in God alone we trust — not as words on a wall, but as the actual operating assumption of the work.

The brilliant ideas were never really mine to begin with. They were given. The least I could do was use them for something permissible — and trust that the One who gave them would carry the rest.

Where Baraka Came From

I looked at DeFi protocols — on-chain finance, smart contracts that execute without counterparty trust — and I saw what they could become: financial infrastructure built from mathematics, not from institutional permission — and restructurable, at the protocol level, to remove interest entirely.

The mathematics already existed. Ackerer, Hugonnier and Jermann published a framework in 2025 (Mathematical Finance) that, at the parameter ι=0 — interest set to zero — produced a fully functional perpetual futures mechanism with no riba embedded anywhere. Fourteen working papers. Deployed on-chain. Zero interest hardcoded at the protocol level. Not a fatwa layered on top. Built from first principles.

The Partnership

Dr. Rafiq Bhuyan — Fulbright Scholar, 80+ peer-reviewed papers, PhD Economics Concordia Montreal, former Purcell Chair at Le Moyne College — saw what I was building. Before I had finished explaining, he said he wanted to be my co-founder. He offered to put $50,000 of his own capital into my system to manage.

He proposed all of this without hearing my plans. The work was the pitch.

What Happened Next

On May 21, 2026, Baraka won Best Emerging Innovation — Islamic Product Launch of the Year at the Global Islamic Finance Innovation Awards 2026 (The Digital Banker) — judged on the research and the protocol alone.

The Digital Banker's Managing Director called it “remarkable recognition amongst prominent competition from worldwide institutions.” The same awards have honoured Standard Chartered Saadiq, Emirates Islamic, Dubai Islamic Bank, Abu Dhabi Islamic Bank, Mashreq, National Australia Bank, and Wafra — a $30 billion asset manager. We were the only DeFi protocol in the room.

For context on what that company means: at these same awards, City Bank won Best Islamic Retail Bank — Bangladesh, a national country category, in 2024. In 2026, Baraka won a global innovation category — judged not by country, but against worldwide institutions, for the innovation itself.

And then, in the span of a single week, the inbound started. No cold emails from me, no pitch sent, no announcement. A top-15 Web3 venture firm reached out wanting to fund us — before the award was even public, so they came purely off the work. A liquidity contact from Binance's institutional side reached out about market-making the order book. All of it unprompted.

I had spent two years building completely alone, with no one around me who understood what I was doing. Then the people who do this for a living found us on their own. They see the same thing I see: a $3.9 trillion Islamic finance market that has never had access to these instruments, and a working protocol that finally gives it one.

What We Are Building

Web3 is becoming the infrastructure layer of global finance. Every transaction, every instrument, every settlement — eventually on-chain.

Muslims will face a choice: participate in systems built on interest, or have nothing. We are building the alternative. Baraka: the world's first Shariah-compliant perpetual futures protocol.

Alongside it, Arcus Quant Fund manages capital systematically — the same rigor, the same accountability — for clients who want returns without the noise.

I am twenty-five. I lost most of my net worth on a trade I believed in. I built the system anyway. I found the alpha anyway. I found the partner, the protocol, the mission — all of it arrived, in sequence, as if it was always going to.

Now we build in public.

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