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.
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.
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
Amazon · Zenodo · crossvol.com
Why the sell side is six months late on the China AI cycle.
ASIN B0H11WH3R9 · DOI 10.5281/zenodo.20509815
Amazon · Zenodo · crossvol.com
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