Friday, 22 August 2014
Last updated 12 hours ago
Apr 16 2014 | 2:28pm ET
A controversial high-frequency trading firm founded by Citadel Investment Group veterans may now follow that firm into managing outside money.
Chicago-based Teza Technologies may launch a pair of quantitative hedge funds that would be open to clients, Bloomberg News reports. The firm, founded in 2009, currently invests only its partners money.
It is unclear how much Teza would seek from investors.
The potential move to diversify comes as high-frequency trading firms face greater competition, lower profits and increased scrutiny.
In its short life, Teza has been no stranger to controversy. Citadel sought to block the firm from debuting in 2009, accusing founder Misha Malyshev of violating his non-compete agreement. The same year, it hired Goldman Sachs computer programmer Sergey Aleynikov, who was later arrested for allegedly stealing Goldman’s code.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note