Trading Hudson River Trading is a multi-asset class firm that trades across various time horizons. It differs from stereotypical
high-frequency trading firms in several important ways: it holds about 25% of its trading capital overnight (unlike most high-frequency trading firms that hold almost nothing overnight), its average holding time is about five minutes as opposed to the sub-second times observed for some high-frequency trading firms, and it does less than 1% of its trading in
dark pools, the lightly regulated private trading venues under scrutiny from regulators. In August 2014,
Bart Chilton was added as an advisor to the group. On January 16, 2018, Hudson River Trading acquired its rival firm Sun Trading, a global market maker that traded on over 115 exchanges. In the first quarter of 2021, Bloomberg reported that Hudson River Trading reaped about $1.2 billion from trading, amid heightened market
volatility.
Employees The firm hires programmers, software engineers, and mathematicians to develop and improve its trading strategies. Its head of business development, Adam Nunes, has been cited in a
Wall Street Journal article on financial firms' efforts to recruit programming talent away from
Silicon Valley and his reasons for optimism about their ability to do so.
Government regulation In March 2014,
New York Attorney General Eric Schneiderman announced a probe into high-frequency traders, including Hudson River Trading, getting early access to raw stock market feeds at an annual price of $180,000. Hudson River Trading's head of business development, Adam Nunes, defended the company's business practices in statements made to
Newsweek, noting that
Wall Street traders also had access to the feeds at the same price and many of them already made use of them. In July 2014, the
Securities and Exchange Commission (SEC) in the United States launched a probe into ten top high-frequency trading firms, including Hudson River Trading. ==See also==