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Posts tagged as: Chicago

DRW buys Chopper

54 comments / January 14, 2015

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

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IMC and their lawyers

13 comments / June 25, 2013

Last year’s profits at IMC Financial Markets have been 78 million, roughly half of the results over 2011 (162 million). Trading revenue was down to 342 million from 470. Nevertheless Rob Defares was happy with the results. According to him the markets are getting more professional with less margins, but with new technological investments theirRead more

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