THE PEOPLE / FOUNDER & CEO
Sofiane
Boutgajouft.
Independent thinking.
A structural perspective on markets.

A question
worth pursuing.
Sofiane Boutgajouft is the Founder and CEO of Orgax LLC and the creator of the Boutgajouft Liquidity Triangle Theory™.
His research explores geometric market structure and the evaluation of systematic strategies. The work extends from foundational modelling to empirical studies, invariance testing, research protocol and trade reconciliation.
His SSRN author profile currently lists 12 working papers. The most recent publications examine how to distinguish a structural edge, how to interpret backtest diagnostics and how to identify divergence between simulated and realised trades.
Explore all 12 publicationsTHE EVOLUTION OF THE RESEARCH
Define the structure.
Foundational work on liquidity triangles and geometric market modelling.
Examine the hypothesis.
Studies of market regimes, decorrelation, factor exposure and invariance.
Challenge the evidence.
Research on execution reconciliation, overfitting diagnostics and two-gate testing.