In this article, I have compiled a list of financial services firms with brief descriptions on what they do as well as their geographic headquarters.
Investment Banks
Hedge Funds
Propertiary Trading firms
Sports Betting firms
Crypto Trading firms
Exchanges
Feel free to utilise this article as a reference guide for your job applications.
Investment Banks
Investment banks generate revenue through their Investment Banking and Sales & Trading (Global Markets) divisions.
In Investment Banking, they assist companies in raising capital through IPOs, debt underwriting and equity underwriting, while also offering advisory services for mergers and acquisitions (M&A).
In Sales and Trading, the Investment Bank provides liquidity for entities like corporates, pension funds, and hedge funds. The banks trade many OTC products like FX, Rates and Credit but it can also trade more complex products which require structuring.
Bank of America - Charlotte, North Carolina, United States
Barclays - London, United Kingdom
BNP Paribas - Paris, France
Citigroup - New York City, New York, United States
Credit Suisse - Zurich, Switzerland
Danske Bank - Copenhagen, Denmark
Deutsche Bank - Frankfurt, Germany
Goldman Sachs - New York City, New York, United States
HSBC (Hongkong and Shanghai Banking Corporation) - London, United Kingdom
Jefferies - New York City, New York, United States
JPMorgan Chase & Co. (JP Morgan) - New York City, New York, United States
Lazard - New York City, New York, United States
Lloyds Bank - London, United Kingdom
Macquarie Group - Sydney, Australia
Morgan Stanley - New York City, New York, United States
MUFG (Mitsubishi UFJ Financial Group) - Tokyo, Japan
NatWest (National Westminster Bank) - Edinburgh, Scotland, United Kingdom
Nomura Holdings - Tokyo, Japan
Royal Bank of Canada (RBC) - Toronto, Ontario, Canada
Santander Group - Madrid, Spain
Société Générale - Paris, France
Standard Chartered - London, United Kingdom
UBS (Union Bank of Switzerland) - Zurich, Switzerland
Hedge Funds
Hedge funds are investment funds typically for high-net-worth individuals and institutional investors. They employ more complex strategies with derivatives, short-selling and leverage which can potentially give greater risks and greater rewards. Hedge funds often target absolute returns, meaning they seek to achieve positive returns regardless of market conditions.
The typical hedge fund fee strcuture is 2/20 - 2% of asset under management and a 20% performance fee. Different types of hedge funds can include: Quantitative, Global Macro, Long/Short Equity & Multi-Strat.
Abu Dhabi Investment Authority (ADIA) - Based in Abu Dhabi, United Arab Emirates
Acadian Asset Management - Based in London, United Kingdom
AQR Capital - Based in Greenwich, Connecticut, United States
Aspect Capital - Based in London, United Kingdom
Balyasny Asset Management - Based in Chicago, United States
Bainbridge Partners - Based in London, United Kingdom
Bluefin Capital Management - Based in New York City, United States
Brevan Howard - Based in London, United Kingdom
Capula Investment Management - Based in London, United Kingdom
Caxton Associates - Based in New York City, United States
Citadel - Based in Chicago, United States
DE Shaw - Based in New York City, United States
Eisler Capital - Based in London, United Kingdom
ExodusPoint Capital Management - Based in New York City, United States
Farringdon Capital - Based in London, United Kingdom
iSAM - Based in London, United Kingdom
GAM Systematic - Based in Cambridge, United Kingdom
G-Research - Based in London, United Kingdom
Graham Capital Management - Based in Rowayton, Connecticut, United States
GSA Capital - Based in London, United Kingdom
Haidar Capital Management - Based in New York City, United States
Man Group - Based in London, United Kingdom
Maniyar Capital - Based in London, United Kingdom
Millenium Partners - Based in New York City, United States
Odey Asset Management - Based in London, United Kingdom
OxFORD Asset Management - Based in Oxford, United Kingdom
Point 72 - Based in Stamford, Connecticut, United States
Qube Research & Technologies - Based in London, United Kingdom
Rokos Capital - Based in London, United Kingdom
Schonfeld - Based in New York City, United States
Seamless Capital - Based in Cambridge, United Kingdom
Sona Asset Management - Based in London, United Kingdom
Squarepoint Capital - Based in New York City, United States
Systematica Investments - Based in St Helier, Jersey
Trexquant Investment - Based in Stamford, Connecticut, United States
Two Sigma - Based in New York City, United States
The Tudor Group - Based in Greenwich, Connecticut, United States
Verition Fund Management - Based in Greenwich, Connecticut, United States
Voleon Group - Based in Berkeley, California, United States
Winton - Based in London, United Kingdom
WorldQuant - Based in Greenwich, Connecticut, United States
Xantium Group - Based in Greenwich, Connecticut, United States
Asset Managers
Asset Managers manage investment funds for individuals, corporates and pension funds. They typically take on less risk and deploy more standard investment strategies compared to a hedge fund.
AllianceBernstein - Based in New York City, United States
Amundi - Based in Paris, France
AXA Investments - Based in Paris, France
BlackRock - Based in New York City, United States
Investec - Based in London, United Kingdom
Janus Henderson Investors - Based in London, United Kingdom
PIMCO - Based in Newport Beach, California, United States
Rothesay Life - Based in London, United Kingdom
Schroders - Based in London, United Kingdom
State Street Corporation - Based in Boston, Massachusetts, United States
T. Rowe Price - Based in Baltimore, Maryland, United States
Proprietary Trading Firms
A proprietary trading firm trades using its own capital rather than client funds. A lot of proprietary trading firms deploy high-frequency trading (HFT) and market-making strategies.
ABC Arbitrage - Based in Paris, France
Akuna Capital - Based in Chicago, United States
All Options - Based in Amsterdam, Netherlands
Alphagrep - Based in Mumbai, India
Belvedere Trading - Based in Chicago, United States
Chicago Trading Company - Based in Chicago, United States
Citadel Securities - Based in Chicago, United States
Da Vinci Derivatives - Based in Amsterdam, Netherlands
DRW - Based in Chicago, United States
DV Trading - Based in Chicago, United States
Eclipse Trading - Based in Hong Kong
Epoch Capital - Based in Sydney, Australia
Five Rings Capital - Based in New York, United States
Flow Traders - Based in Amsterdam, Netherlands
Geneva Trading - Based in Chicago, United States
Headlands Technologies - Based in Chicago, United States
Hudson River Trading - Based in New York, United States
IMC - Based in Amsterdam, Netherlands
Jane Street - Based in New York, United States
Jump Trading - Based in Chicago, United States
Mako Trading - Based in London, United Kingdom
Maven Securities - Based in London, United Kingdom
NXT Capital BV - Based in Amsterdam, Netherlands
Old Mission Capital - Based in Chicago, United States
Optiver - Based in Amsterdam, Netherlands
Quadrature - Based in London, United Kingdom
Quadeye - Based in Gurugram, India
Susquehanna - Based in Bala Cynwyd, United States
Tibra Capital - Based in Sydney, Australia
Tower Research Capital - Based in New York, United States
TradeLink Holdings - Based in Chicago, United States
Tyler Capital - Based in London, United Kingdom
Valkyrie Trading - Based in Chicago, United States
Virtu Financial - Based in New York, United States
Wolverine Trading - Based in Chicago, United States
XTX Markets - Based in London, United Kingdom
XY Capital - Based in Hong Kong
Sports Betting
Sports Betting firms are similar to proprietary trading firms except that they trade on the sport-betting markets as opposed to the financial markets.
Gambit Research - London, United Kingdom
Mustard Systems - London, United Kingdom
Smarkets - London, United Kingdom
Commodities Trading Firms
A commodity trading firm is a company that engages in the buying, selling, and trading of physical commodities or derivative contracts based on commodities. These firms operate in various commodity markets, including energy, agriculture, metals, and soft commodities.
They may participate in both physical trading, involving the actual delivery of commodities, and financial trading, where contracts are bought and sold for speculative purposes. Additionally, they may provide hedging and risk management services to producers, consumers, and investors in the commodities market.
ADM (Archer Daniels Midland) - Chicago, Illinois, United States
BP - London, United Kingdom
Bunge Limited - White Plains, New York, United States
Cargill - Minnetonka, Minnesota, United States
Castleton Commodities International - Stamford, Connecticut, United States
EDF Trading - London, United Kingdom
Glencore - Baar, Switzerland
Gunvor Group - Geneva, Switzerland
Hartree Partners - New York City, New York, United States
Koch Supply & Trading - Wichita, Kansas, United States
Louis Dreyfus Company - Rotterdam, Netherlands
Mercuria Energy Group - Geneva, Switzerland
Noble Group - Hong Kong, China
Trafigura - Amsterdam, Netherlands
Vitol - Rotterdam, Netherlands
Crypto Trading Firms
Crypto Trading firms are similar to hedge funds and propertiary trading firms but for the cryptocurrency markets.
Alpha Lab Capital - London, United Kingdom
B2C2 - London, United Kingdom
Byte Trading - New York City, New York, United States
Enigma Securities - London, United Kingdom
Fasanara Capital - London, United Kingdom
GSR - Hong Kong, China
Numeus - Zurich, Switzerland
Portofino Technologies - Hong Kong, China
Wintermute - London, United Kingdom
Exchanges
Exchanges provide trading platforms for a wide range of derivative products and commodities. They play crucial roles in price discovery, risk management, and hedging for market participants worldwide.
CME Group - Chicago, Illinois, United States
Intercontinental Exchange (ICE) - Atlanta, Georgia, United States
Conclusion
And that concludes this week's edition. Don't forget to show your support by liking and subscribing for bi-weekly articles packed with complimentary insights, code snippets, and resources dedicated to Quantitative Finance.
Thanks for reading Quant Prep! Subscribe for free to receive new posts and support my work.
Other Media
Twitter: @quant_prep
LinkedIn: Quant Prep
Medium: @quant_prep
Free Stoikov Market Making code: here
Free BTC Options Analysis code: here