yhat1136

4 ms·

1. 1.▲
   by yhat1136 4y ago

   In the mid-2000s two employees from Citadel left for Jump Trading and took some source code. Jump then took this strategy, improved on it and destroyed Citadel's HFT revenue stream. We're talking about billions in lost revenue for
2. 2.▲
   by yhat1136 4y ago

   I've also heard that 10-man team at Tower made about $3B trading crypto last year. The team leader got a $600M bonus.
3. 3.▲
   by yhat1136 4y ago

   Jump Trading, like most other HFT firms do not take client money. They trade only the owner's personal capital.