Radix Trading
| Company type | Private |
|---|---|
| Industry | Proprietary trading |
| Founded | 2012 |
| Founder | Benjamin Blander, Michael Rauchman |
| Headquarters | Chicago , United States |
Area served | United States, Europe (Amsterdam) |
Radix Trading is a proprietary trading company based in the United States, with its main office located in Chicago and additional branches situated in New York and Amsterdam.
Background
The firm was established by Benjamin Blander, who formerly led the high-frequency trading division at Citadel LLC, alongside Michael Rauchman, the previous chief technology officer at GETCO.
In August 2017, Radix entered the European market by launching an office in Amsterdam. This location was selected over London due to favorable regulatory conditions following Brexit.
On March 27, 2023, the Commodity Futures Trading Commission (CFTC) initiated legal action against Binance and its CEO Changpeng Zhao, accusing them of breaching U.S. regulations. The complaint referenced three unnamed "VIP" clients of Binance; Radix Trading disclosed its identity as 'Trading Firm A' through The Wall Street Journal. The other firms involved were Jane Street Capital and Tower Research Capital. According to the CFTC, Binance directed Radix to utilize a virtual private network to access its platform. Benjamin Blander clarified that Radix conducted its Binance trades via offshore affiliates and through a prime brokerage arrangement, with all cryptocurrency access thoroughly reviewed for legal compliance. The company is actively cooperating with the CFTC's inquiry.