By Terel Miles on June 11, 2023

Top 19 Quantitative Trading Firms in the United States

Quantitative trading firms have emerged as major players in the financial industry, utilizing sophisticated algorithms and advanced statistical models to make trading decisions.

These firms employ quantitative analysts, quantitative researchers, computer scientists, and mathematicians to develop intricate strategies that leverage data analysis and automation.

In this article, we explore the Top 19 Quantitative Trading Firms in the United States, and how they play a unique role in the evolving global financial landscape.

Now, lts dive in!

Top 19 Quantitative Trading Firms

1. Renaissance Technologies

Headquarters: East Setauket, New York

Assets Under Management (AUM): $106.02 Billion

Renowned for its success in quantitative trading, Renaissance Technologies utilizes complex mathematical models to exploit market inefficiencies.

2. Two Sigma Investments, LP

Headquarters: SoHo, New York

Assets Under Management (AUM): $70.80 Billion

Two Sigma Investments specializes in systematic trading strategies, combining data science, advanced technology, and financial expertise.

3. Citadel LLC

Headquarters: Chicago, Illinois

Assets Under Management (AUM): $454.69 Billion

Citadel is a leading quantitative trading firm that employs sophisticated algorithms across various asset classes.

4. DE Shaw & Co., LP

Headquarters: New York, New York

Assets Under Management (AUM): $93.40 Billion

DE Shaw & Co. is known for its innovative approach to quantitative trading, employing mathematical modelling and computational techniques.

5. AQR Capital Management, LLC

Headquarters: Greenwich, Connecticut

Assets Under Management (AUM): $45.55 Billion

AQR Capital Management is a pioneer in quantitative investing, utilizing a systematic and data-driven approach.

6. PDT Partners, LLC

Headquarters: New York, New York

Assets Under Management (AUM): $737.64 Million

PDT Partners focuses on quantitative investment strategies, leveraging technology and innovative data analysis techniques.

7. Bridgewater Associates, LP

Headquarters: Westport, Connecticut

Assets Under Management (AUM): $196.83 Billion

Bridgewater Associates is the world’s largest hedge fund, employing a mix of quantitative and macroeconomic strategies.

8. Jane Street Capital, LLC

Headquarters: New York, New York

Assets Under Management (AUM): $244.15 Billion

Jane Street Capital is a proprietary trading firm specializing in quantitative trading and market-making across global markets.

9. Citadel Securities LLC

Headquarters: Miami, Florida

Assets Under Management (AUM): $454.69 Billion

Citadel Securities is a market-making and liquidity provider, using quantitative strategies to facilitate efficient trading.

10. Hudson River Trading LLC

Headquarters: New York, New York

Assets Under Management (AUM): N/A

Hudson River Trading is a quantitative trading firm that focuses on high-frequency trading strategies in global financial markets.

11. Susquehanna International Group, LLP

Headquarters: Bala Cynwyd, Pennsylvania

Assets Under Management (AUM): $470.24 Billion

Susquehanna International Group is a quantitative trading firm that utilizes advanced technology and quantitative strategies across various asset classes.

12. Tower Research Capital LLC

Headquarters: New York, New York

Assets Under Management (AUM): $3.14 Billion

Tower Research Capital is a leading quantitative trading firm, specializing in high-frequency trading and algorithmic strategies.

13. Jump Trading, LLC

Headquarters: Chicago, Illinois

Assets Under Management (AUM): $2.40 Billion

Jump Trading is a quantitative trading firm that focuses on high-frequency trading, utilizing technology-driven strategies.

14. DRW Holdings, LLC

Headquarters: Chicago, Illinois

Assets Under Management (AUM): $6.11 Billion

DRW Holdings is a quantitative trading firm that leverages its expertise in technology and data analysis for systematic trading.

15. WorldQuant, LLC

Headquarters: Old Greenwich, Connecticut

Assets Under Management (AUM): $5.40 Billion

WorldQuant is a quantitative investment firm that employs advanced statistical models and machine learning techniques to generate trading signals.

16. Man AHL

Headquarters: London, United Kingdom

Assets Under Management (AUM): $108.49 Million

Man AHL is a quantitative investment manager that combines systematic trading strategies with extensive research and risk management techniques.

17. Optiver US LLC

Headquarters: Chicago, Illinois

Assets Under Management (AUM): $136.56 Billion

Optiver US is a proprietary trading firm specializing in options trading and market-making, utilizing quantitative strategies.

18. Wolverine Trading, LLC

Headquarters: Chicago, Illinois

Assets Under Management (AUM): $64.41 Billion

Wolverine Trading is a quantitative trading firm that focuses on options market-making, employing advanced technology and quantitative analysis.

19. G-Research

Headquarters: London, United Kingdom

Assets Under Management (AUM): N/A

G-Research is a quantitative research and technology firm that utilizes machine learning and data science for systematic trading.

Quantitative Trading Firms: Wrapping up

The top 19 quantitative trading firms in the United States are at the forefront of algorithmic trading, employing cutting-edge technology and innovative strategies to navigate the financial markets.

With their extensive assets under management and headquarters spanning major financial centres, these firms continue to shape the future of quantitative trading through data-driven decision-making and automation.

As technology advances further in artificial intelligence and machine learning, the quantitative trading landscape is poised to witness even greater innovation and growth for decades to come.