DRW

About

DRW Holdings, LLC, commonly referred to as DRW, is a diversified principal trading firm founded in 1992 by Don Wilson. Headquartered in Chicago, Illinois, DRW has established itself as a significant player in global financial markets, operating at the intersection of trading and technology. The firm trades for its own account, leveraging sophisticated modeling, quantitative research, and advanced technology to identify and capture opportunities across a wide array of asset classes and instruments. These include fixed income, options, derivatives, energy, agriculture, and cryptoassets. DRW's approach is characterized by its diversity of strategies, acting as a liquidity provider, risk taker, and latency-sensitive trading firm, often simultaneously in various markets. The absence of outside investors allows DRW to be nimble and innovative in its pursuit of trading opportunities. Over its more than three decades of operation, DRW has expanded its global footprint with offices in key financial centers such as Amsterdam, Austin, Greenwich, Houston, London, Montreal, New York, Singapore, and Tel Aviv. The firm employs over 2,000 individuals, including a significant number of technologists, engineers, traders, and portfolio managers. DRW has also diversified its operations beyond traditional trading. In 2014, it established Cumberland DRW, a global leader in cryptoasset trading. DRW Venture Capital, launched in 2011, invests in financial and enterprise technology companies. Additionally, Convexity Properties, a DRW company, focuses on real estate investment. The firm is committed to innovation and has been at the forefront of adopting new technologies and market approaches. DRW emphasizes a culture of continuous learning, collaboration, and challenging consensus, fostering an environment where employees are empowered to pursue new opportunities and develop innovative solutions. The firm also highlights its commitment to corporate responsibility, becoming the first carbon-neutral global trading firm in 2020.