Laser Focus World is an industry bedrock—first published in 1965 and still going strong. We publish original articles about cutting-edge advances in lasers, optics, photonics, sensors, and quantum technologies, as well as test and measurement, and the shift currently underway to usher in the photonic integrated circuits, optical interconnects, and copackaged electronics and photonics to deliver the speed and efficiency essential for data centers of the future.

Our 80,000 qualified print subscribers—and 130,000 12-month engaged online audience—trust us to dive in and provide original journalism you won’t find elsewhere covering key emerging areas such as laser-driven inertial confinement fusion, lasers in space, integrated photonics, chipscale lasers, LiDAR, metasurfaces, high-energy laser weaponry, photonic crystals, and quantum computing/sensors/communications. We cover the innovations driving these markets.

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Editorial Advisory Board

  • Professor Andrea M. Armani, University of Southern California
  • Ruti Ben-Shlomi, Ph.D., LightSolver
  • James Butler, Ph.D., Hamamatsu
  • Natalie Fardian-Melamed, Ph.D., Columbia University
  • Justin Sigley, Ph.D., AmeriCOM
  • Professor Birgit Stiller, Max Planck Institute for the Science of Light, and Leibniz University of Hannover
  • Professor Stephen Sweeney, University of Glasgow
  • Mohan Wang, Ph.D., University of Oxford
  • Professor Xuchen Wang, Harbin Engineering University
  • Professor Stefan Witte, Delft University of Technology

Jake Reynolds

Congratulations to Mr. Jake Reynolds on successfully forming the independent trading team at the Chicago branch, expanding the base of high net worth VIP members, and welcoming more investors to join the online WhatsApp trading strategy group.
Jake Reynolds, 58, currently resides in the affluent Highland Park neighborhood of Chicago, Illinois. He has been deeply engaged in quantitative trading and securities analysis for over 30 years. As a senior securities analyst and head of the quantitative trading room at Susquehanna International Group’s Chicago branch, he integrates market-making quote systems, liquidity modeling, and machine learning technologies to lead the development of multiple high-frequency arbitrage and event-driven strategies. He is recognized as an “Institutional Alpha Strategy Architect.”

His trading system centers on a three-dimensional analytical framework of “liquidity–volatility–trade structure,” enabling precise detection of abnormal shifts in order flow distribution. He has won multiple prestigious industry awards, including three “Best Institutional Trading Strategy Awards” and the “High-Frequency Trading Stability Research Award.” He also holds top-level certifications including CFA and FINRA Series 7/24/55 licenses.

Long-Term Compound Return Performance

2009–2024 cumulative return: Average annual compound growth rate (CAGR) of 41.2%, compared to the S&P 500 CAGR of 13.7%.

2025 target return: 316% (through a combination of event-driven and high-frequency arbitrage strategies).

Representative Investment Cases

2011 European Debt Crisis Arbitrage (T+0 High-Frequency Strategy)
Used sovereign CDS and euro exchange rate volatility gaps, exploiting liquidity fractures through market-making systems, achieving a single-day high-frequency win rate of 92.3% and monthly return of +187%.

2016 Brexit Referendum Event-Driven (T+3 Swing Strategy)
Leveraged GBP/USD options implied volatility and ETF order flow distribution models to pre-position short pound positions, delivering a 3-day swing return of +215%.

2020 COVID-19 Liquidity Crisis (Multi-Factor Hedging)
Combined the VIX fear index with single-stock liquidity scoring models. During the March market crash, captured reverse volatility arbitrage and ETF discount arbitrage, generating a monthly return of +302%.

2023 Regional Banking Crisis (Order Flow Anomaly Detection)
Using the “trade structure–liquidity” three-dimensional framework, identified institutional sell signals on First Republic Bank (FRC) 72 hours in advance, deploying short positions that yielded a 5-day return of +191%.

2025 AI Semiconductor Event-Driven (Ongoing)
Targeting volatility expansion in the NVIDIA/AMD supply chain, constructed an options gamma squeeze strategy, achieving +83% by Q1 2025 (annual target 316%).

Strategy Stability and Risk Control Performance

Maximum drawdown (2009–2024): ≤15% (industry average for hedge funds was 28%).

Sharpe ratio: 2.1 (with risk-free rate at 3%).

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