Who founded Halcyon Waters?

Pawel Lachowicz, PhD, founded Halcyon Waters sp. z o.o. in Wrocław, Poland, in 2026 and is its CEO. The company builds Cayø Largo, a crypto options analytics platform and data API.

What is his background?

A PhD in astrophysics from the Nicolaus Copernicus Astronomical Center of the Polish Academy of Sciences (2007) and a postdoc at the National University of Singapore, followed by fifteen years in quantitative finance: proprietary trading in Sydney, then risk and quant work at BNY Mellon and HSBC in Wrocław.

Where can his work be checked?

His doctoral thesis is listed by the Nicolaus Copernicus Astronomical Center, his astrophysics paper appeared in Astronomy & Astrophysics (arXiv:0908.2740), and his 2025 study of gamma walls on Deribit is on SSRN (abstract 5782822).

How can he be contacted?

Through the contact page of Halcyon Waters or on LinkedIn.

Founder

Pawel Lachowicz, PhD

Founder and CEO, Halcyon Waters sp. z o.o.

Pawel has spent his working life reading time series. First the X-ray light of matter falling onto black holes, measured with periodograms and wavelets; then fifteen years of market data, in proprietary trading, enterprise risk and on the quant side of a bank’s trading floor. In 2026 he founded Halcyon Waters to build the analytical layer crypto options never had.

LinkedIn →Company information →Contact →

Career

2026
Founder and CEO
Halcyon Waters sp. z o.o., Wrocław
Incorporated on 28 May 2026. Builds Cayø Largo, which reads every Deribit option every ten minutes and sells the analysis to professional desks.
2019 to 2025
Quantitative analytics, FX and equities
HSBC, Wrocław
Models and analytics for the bank’s FX and equities trading desks.
2016 to 2019
Enterprise risk, model development
BNY Mellon, Wrocław
Risk model development for the bank.
2010 to 2016
Quantitative researcher
Proprietary trading family office, Sydney
Algorithmic trading models for US equities.
2007 to 2010
Postdoctoral researcher
National University of Singapore
Wavelet and time-series methods for signal analysis.
2007
PhD in astrophysics
Nicolaus Copernicus Astronomical Center, Polish Academy of Sciences, Warsaw
Time-series analysis of the X-ray light of accreting black holes.

Publications

Preprint
, November 2025
Do Gamma Walls Actually Move Bitcoin Prices at Deribit?
P. Lachowicz. SSRN preprint 5782822, posted on 21 November 2025. Summarised by the Alpha in Academia newsletter on 30 November 2025.
SSRN →Alpha in Academia →
Paper
, 2010
Quasi-periodic oscillations under wavelet microscope: the application of Matching Pursuit algorithm
P. Lachowicz and C. Done (Durham University). Astronomy & Astrophysics 515, A65.
arXiv:0908.2740 →
Doctoral thesis
, 2007
Selected Aspects of Periodic and Quasi-Periodic Variability of Accreting Black Holes
Nicolaus Copernicus Astronomical Center, Polish Academy of Sciences. Supervisor: Bożena Czerny.
CAMK alumni record →

Talks

Panel
, 6 October 2026
Taxes, MiCA, DAC8 & Digital Assets in a Divided Europe
Bitcoin Poland 2026, Poznań Congress Center. In English.
Agenda →
Panel
, 5 October 2026
Different ways of not selling your bitcoin: how to grow your sats
Bitcoin Poland 2026, Poznań Congress Center. In Polish (“Różne modele niesprzedawania Bitcoina”).
Agenda →
Talk
, 10 May 2016
Predicting Next Fatal Airline Crash Due to Bad Weather Conditions
PyData Singapore. Recording, 58 minutes, archived by Engineers.SG.
Watch the recording →

In brief

Who founded Halcyon Waters?: Pawel Lachowicz, PhD, founded Halcyon Waters sp. z o.o. in Wrocław, Poland, in 2026 and is its CEO. The company builds Cayø Largo, a crypto options analytics platform and data API.
What is his background?: A PhD in astrophysics from the Nicolaus Copernicus Astronomical Center of the Polish Academy of Sciences (2007) and a postdoc at the National University of Singapore, followed by fifteen years in quantitative finance: proprietary trading in Sydney, then risk and quant work at BNY Mellon and HSBC in Wrocław.
Where can his work be checked?: His doctoral thesis is listed by the Nicolaus Copernicus Astronomical Center, his astrophysics paper appeared in Astronomy & Astrophysics (arXiv:0908.2740), and his 2025 study of gamma walls on Deribit is on SSRN (abstract 5782822).
How can he be contacted?: Through the contact page of Halcyon Waters or on LinkedIn.

The company

Halcyon Waters sp. z o.o., pl. Solny 2/3, 50-060 Wrocław, Poland. KRS 0001245653, NIP 8971973382. Registry details, share capital and answers for due-diligence teams are in the legal notice.