Hudson River Trading
| Company type | Private |
|---|---|
| Industry | Quantitative trading, Financial services |
| Founded | 2002 |
| Headquarters | New York City , United States |
Area served | Worldwide |
Key people | Adam Nunes (Head of Business Development) |
| Products | Automated trading algorithms |
Number of employees | 800+ |
Hudson River Trading is a U.S.-based quantitative trading company founded in 2002 and headquartered in New York City. By 2014, it was responsible for roughly 5% of all trading activity in the United States,[1] increasing its market share to over 15% by 2021. The organization employs upwards of 800 professionals spread across multiple locations, including New York, Chicago, Austin, Boulder, London, Singapore, Shanghai, Mumbai, and Dublin.Cite error: The opening <ref> tag is malformed or has a bad name The firm focuses on creating sophisticated automated trading algorithms through advanced mathematical methods and participates in more than 100 markets worldwide.
As a participant in the Principal Traders Group, Hudson River Trading contributes to an advisory panel affiliated with the Futures Industry Association (FIA).Cite error: The opening <ref> tag is malformed or has a bad name
Trading
Hudson River Trading operates as a multi-asset trading firm engaging across diverse time frames. Unlike many high-frequency trading firms, it retains approximately one-quarter of its capital overnight (whereas most hold nearly none), has an average position duration near five minutes (compared to the sub-second intervals typical of some HFT firms), and executes less than 1% of its trades within dark pools—private trading venues subject to regulatory attention.
Development
In early 2014, Hudson River Trading collaborated with three other quantitative firms to establish the Modern Markets Initiative, a trade advocacy organization. Later that year in August, Bart Chilton joined the company as an advisor.
On January 16, 2018, Hudson River Trading expanded by acquiring Sun Trading, a competing global market maker active on over 115 exchanges.
According to a Bloomberg report from the first quarter of 2021, Hudson River Trading generated around $1.2 billion in profits amid increased market volatility.
Employees
The firm’s workforce includes programmers, software developers, and mathematicians dedicated to designing and refining trading strategies. Adam Nunes, who leads business development, has been recognized in the Wall Street Journal for his perspectives on recruiting tech talent from Silicon Valley and his confidence in attracting elite technology professionals.
Government regulation
In March 2014, New York Attorney General Eric Schneiderman initiated an inquiry into high-frequency traders such as Hudson River Trading concerning early access to raw stock market data feeds costing $180,000 per year. Adam Nunes defended this practice by highlighting that similar access was available to Wall Street traders and widely utilized.
Subsequently, in July 2014, the U.S. Securities and Exchange Commission (SEC) launched an investigation targeting ten prominent high-frequency trading firms including Hudson River Trading.
See also
External links
- ↑ Cite error: Invalid
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