 | |
| Company type | Private |
|---|---|
| Industry | Financial services |
| Founded | 2012 |
| Founders | Benjamin Blander Michael Rauchman |
| Headquarters | 353 North Clark, Chicago, Illinois, U.S. |
| Products | Proprietary trading Algorithmic trading High-frequency trading |
| Website | www |
Radix Trading is an American proprietary trading firm headquartered in Chicago. It has additional offices in New York and Amsterdam.
Radix Trading was co-founded by Benjamin Blander and Michael Rauchman. Blander was previously head of the high-frequency trading group of Citadel LLC while Rauchman was the chief technology officer of GETCO. [1] [2] [3]
In August 2017, Radix Trading opened an office in Amsterdam to expand its operations into Europe. Amsterdam was selected over London for several reasons, one of which being it having regulatory advantages compared to London due to Brexit. [4]
On March 27, 2023, the Commodity Futures Trading Commission (CFTC) filed a lawsuit against Binance and Changpeng Zhao in the United States District Court for the Northern District of Illinois, claiming willful evasion of US law and allegedly breaching derivatives rules. In the lawsuit, three unidentified trading firms were cited as "VIP" clients of Binance although they were not accused of wrongdoing. Radix Trading self-identified that it was 'Trading Firm A' through an article in The Wall Street Journal. [5] The others were later identified as Jane Street Capital and Tower Research Capital. [6] According to the CFTC, Binance instructed Radix Trading to access its website through a virtual private network. Blander told The Wall Street Journal , that while Radix Trading traded on Binance for several years via offshore affiliates and a prime brokerage, he believed it had not done anything wrong. This was because anything related to cryptocurrency connectivity was legally vetted beforehand. He also stated the firm was cooperating with the CFTC regarding its investigation. [1] [7] [5] [6]
The Commodity Futures Trading Commission (CFTC) is an independent agency of the US government created in 1974 that regulates the U.S. derivatives markets, which includes futures, swaps, and certain kinds of options.
Citadel LLC is an American multinational hedge fund and financial services company. Founded in 1990 by Ken Griffin, it has more than $63 billion in assets under management as of June 2024. The company has over 2,800 employees, with corporate headquarters in Miami, Florida, and offices throughout North America, Asia, and Europe. Founder, CEO and Co-CIO Griffin owns approximately 85% of the firm. As of December 2022, Citadel is one of the most profitable hedge funds in the world, posting $74 billion in net gains since its inception in 1990, making it the most successful hedge fund in history, according to CNBC.
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High-frequency trading (HFT) is a type of algorithmic trading in finance characterized by high speeds, high turnover rates, and high order-to-trade ratios that leverages high-frequency financial data and electronic trading tools. While there is no single definition of HFT, among its key attributes are highly sophisticated algorithms, co-location, and very short-term investment horizons in trading securities. HFT uses proprietary trading strategies carried out by computers to move in and out of positions in seconds or fractions of a second.
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Jump Trading LLC is a proprietary trading firm with a focus on algorithmic and high-frequency trading strategies. The firm has over 700 employees in Chicago, New York, Austin, London, Tel Aviv, Singapore, Shanghai, Bristol, Gurgaon, Gandhinagar, Sydney, Amsterdam, Hong Kong, and Paris and is active in futures, options, cryptocurrency, and equities markets worldwide.
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Mark P. Wetjen is an American lawyer. In 2011, he was nominated by Barack Obama to serve a five-year term as a Commissioner of the Commodity Futures Trading Commission (CFTC). He also served for five months as acting chairman of the CFTC upon the departure of his predecessor, Gary Gensler.
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