Saturday, 29 November 2014
Last updated 21 hours ago
Apr 28 2011 | 12:29pm ET
Citadel Investment Group has hired a pair of former Knight Capital Group executives to launch its new quantitative-trading group.
Jamil Nazarali and Matt Cushman will report directly to Citadel founder Kenneth Griffin. The two are charged with working with Citadel's existing equities, currency and high-frequency trading teams, among others, Bloomberg News reports.
Nazarali was senior managing director in charge of electronic trading at Jersey City, N.J.-based Knight, while Cushman was a managing director in that group. Both resigned in February and will join Citadel in September.
Nazarali formerly worked at Bain & Co. and Ernst & Young. Cushman, a math Ph.D., was at a technology start-up before joining Knight.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...