Hudson River Trading: A Leading Force in Trading and Development

Hudson River Trading is a leading force in the world of trading and development, with a unique approach that sets them apart from the rest. They were founded in 2002 by Robert Cathey.

Their innovative strategy focuses on using computer algorithms to analyze market data, allowing them to make informed trading decisions. This approach has proven to be highly effective, with Hudson River Trading consistently achieving impressive returns.

One of the key factors behind their success is their commitment to ongoing development and improvement. They continuously refine their algorithms and strategies to stay ahead of the market.

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Hudson River Trading (HRT) has been growing its wholesale market-making business, capitalizing on the explosion of retail stock trading, and has achieved a 4.7% market share by the end of September 2021.

HRT has tapped into the debt capital markets to fund its expansion, issuing a $2.1 billion term loan in November, primarily to refinance and extend existing liabilities.

Its consistent trading profits have led to improvements in HRT's funding and liquidity, evidenced by consistent growth in trading capital, equity capital, and related improvements in its trading capital/debt.

HRT's Prism unit, focused on mid-frequency strategies, has generated more than $2 billion last year and has been a key driver of the company's growth.

These strategies involve predictive signals developed through statistical research and artificial intelligence, and span asset classes including equities, futures, rates, and credit.

HRT's growth has been driven by its ability to adapt to changing market conditions, including record market volatility and a substantial increase in retail trading during the COVID-19 pandemic.

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Hudson River Trading's mission is to bring a scientific and technological approach to financial trading. This approach sets them apart from other financial institutions.

The company's mission is backed by the experience of its employees, including those who have previously worked in similar roles. For instance, one of the company's analysts previously worked at Tower Research Capital.

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Hudson River Trading operates globally with over 900 employees across major financial hubs. This global reach allows the company to stay ahead of the curve in the financial industry.

The company's unique approach to financial trading is made possible by its team of mathematicians, computer scientists, and engineers. These experts work together to develop advanced automated trading algorithms.

Here's a brief overview of the company's unique characteristics:

Hudson River Trading is actively hiring for various positions, with 97 jobs currently available on Simplify. You can find these job openings and start your career today.

If you're interested in working for Hudson River Trading, be sure to check out the job listings on Simplify to learn more about the available positions and application process.

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Hudson River Trading made a significant acquisition in 2018, buying out its rival firm Sun Trading, a global market maker that traded on over 115 exchanges.

This move likely gave the company a major boost in its trading capabilities.

In the first quarter of 2021, Hudson River Trading reported a substantial profit of about $1.2 billion from trading, amidst heightened market volatility.

Hudson River Trading is a multi-asset class firm that trades across various time horizons.

Unlike most high-frequency trading firms, Hudson River Trading holds about 25% of its trading capital overnight.

Its average holding time is about five minutes, which is significantly longer than the sub-second times observed for some high-frequency trading firms.

Hudson River Trading does less than 1% of its trading in dark pools, which are lightly regulated private trading venues under scrutiny from regulators.

In January 2014, Hudson River Trading and three other quantitative trading firms formed the Modern Markets Initiative, a trade lobbying group.

Bart Chilton was added as an advisor to the group in August 2014.

Hudson River Trading made a significant move in 2018 by acquiring its rival firm Sun Trading, a global market maker that traded on over 115 exchanges.

This acquisition marked a major milestone for Hudson River Trading, allowing them to expand their reach and capabilities.

In the first quarter of 2021, Hudson River Trading's trading efforts paid off, with the company reaping about $1.2 billion from trading, amid heightened market volatility.