"Hacker" loving HFT firm hires a trading head once laid off by BofA
There's more to the world of electronic trading than just Jane Street and Citadel Securities. Smaller firms known for excellent pay also occupy the space; Radix Trading is one of the more well-known of these niche firms, and it just hired a Bank of America and Citadel alum.
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Jonathan Wang has joined Radix as a trading systems co-lead for performance, based in New York. Wang joined from automated quant trading firm Singularity Technologies, which he founded ten years ago. His journey before that was much rockier.
Wang was head of trading for Bank of America's automated market making team, until it shuttered in 2014. After Bofa, Wang and a number of its alums regrouped to found electronic market maker Arxis Capital, which itself closed in 2017. However, Wang only spent nine months Arxis before leaving to found Singularity. Wang did not respond to a request for comment on Singularity Technologies' future.
Radix is based in Chicago and has ~150 employees, with offices in New York and Amsterdam too. It was founded by former Citadel quant Benjamin Blander and Getco CTO Michael Rauchman. It's the best paying firm in the world for interns according to Levels.fyi, and reviews for the firm via Glassdoor say compensation is similarly "great" for full-time employees.
In open job listings for the firm, it says employees take a "hacker's approach" rather than the academic one seen at firms like Renaissance Technologies. It's currently hiring at graduate level the most, with five openings across Chicago and Amsterdam, but has two experienced openings available also.
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