It has been a modest-kept secret for some time. Remco Lenterman will join the London office of Citadel. As soon as he is ready tending his garden (when non-compete expires). He left IMC back in August 2015. Earlier he worked for Kempen & Co and of course Goldman Sachs. He started for GS somewhere in theRead more
There have been a lot of interesting job transfers involving trading firms IMC, Optiver and DRW. Looks a bit like the football transfer window – a lot of movement in January. The Premier League transfers will receive enough attention already. In contrast to the football pitch, most traders remain loyal for many years. Here are January’sRead more
Pretty big news from the other side of the Atlantic. High speed trading firm DRW Trading has bought smaller rival Chopper Trading. DRW is a giant in the high frequency industry and one of the largest prop trading firms in the Chicago – and the world. A few years ago the firm, founded by legendaryRead more
Just two months ago DRW Trading sued the CFTC – in order to avoid being charged with rigging a certain future market. A technical story of different margin / collateral treatment of OTC derivatives versus listed futures in the fixed income world. Not really my cup of tea, but here are more details and background documentation.Read more
