Hudson River Trading

About

Hudson River Trading (HRT) is a global quantitative trading firm founded in 2002 by graduates from Harvard and MIT with backgrounds in computer science and mathematics. The company brings a scientific and technological approach to trading financial products, operating as a multi-asset class firm that provides liquidity on global markets and directly to clients. HRT has developed one of the world's most sophisticated computing environments dedicated to research, development, modeling, and risk management. This infrastructure supports its team of mathematicians, computer scientists, statisticians, physicists, and engineers in creating and refining automated trading algorithms using advanced mathematical and statistical modeling techniques. The firm is recognized for being at the forefront of innovation in the world of algorithmic trading and high-frequency trading (HFT), though it differentiates itself from stereotypical HFT firms by holding a significant portion of its trading capital overnight and having longer average holding times. Headquartered in New York City, Hudson River Trading employs over 900 individuals in offices strategically located in major financial hubs across North America, Europe, and Asia, including Chicago, Austin, Boulder, Boston, London, Dublin, Singapore, Shanghai, and Mumbai. This global presence enables HRT to trade on over 200 markets worldwide, covering a wide array of financial products. The company emphasizes a culture of collaboration and openness, believing that the best ideas are generated in a shared research and development environment. HRT is committed to market integrity, adhering to an internal code of ethics that often surpasses regulatory requirements, and actively advocates for fair and open markets. Beyond its core trading activities, HRT contributes to the tech community through open-source projects and has expanded its expertise into areas like blockchain technology. In 2018, HRT acquired its rival firm Sun Trading, further expanding its market-making capabilities and launching its Single Dealer Platform (SDP) in the US and Systematic Internaliser (SI) in Europe.