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Away from Citadel Securities and Jane Street, another prop trading firm

Citadel Securities and Jane Street may be booming, but they are not the only players in the electronic trading world. 

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London-based Maven Securities is hiring and has recently expanded with a new larger London office and grown in both Chicago and Monaco. It employs 350 people globally. 

Accounts published on Companies House this February show that Maven's UK arm specifically had 241 employees on average in the previous 12 months, down from 246 the year before that. They also show that the UK entity made a £2.5m ($3.1m) loss last year. However, this is only a partial view and does not reflect the performance of the company as a whole. 

Maven has been hiring. Last month, it added portfolio manager Paul Hadley from Regal Funds Management for its Hong Kong office. It also hired a new chief risk officer, Stephen Taylor, from WhiteSand Consulting Services.

People have also left in the past year. Cadgas Yalcin, a partner who joined in 2012, left last May to create his own trading firm, Algorium. Stephen Warr, head of tech for systematic alpha, left last March for risk management firm Spiderrock, and Brás Patta, tech lead for FPGAs, left in October for FPGA design firm Adiuvo. Veteran C++ developer Anthony Peacock left for Jane Street last January. 

Staying more diminutive has its perks. Jane Street has been expanding massively and now has more than 2600 employees, but some say the culture there is being diluted.

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Photo by Eggzy Pallet on Unsplash

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AUTHORAlex McMurray Editor

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