A Comprehensive List of Banks, Hedge Funds & Proprietary Trading Firms (2024)

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.

  1. Bank of America - Charlotte, North Carolina, United States

  2. Barclays - London, United Kingdom

  3. BNP Paribas - Paris, France

  4. Citigroup - New York City, New York, United States

  5. Credit Suisse - Zurich, Switzerland

  6. Danske Bank - Copenhagen, Denmark

  7. Deutsche Bank - Frankfurt, Germany

  8. Goldman Sachs - New York City, New York, United States

  9. HSBC (Hongkong and Shanghai Banking Corporation) - London, United Kingdom

  10. Jefferies - New York City, New York, United States

  11. JPMorgan Chase & Co. (JP Morgan) - New York City, New York, United States

  12. Lazard - New York City, New York, United States

  13. Lloyds Bank - London, United Kingdom

  14. Macquarie Group - Sydney, Australia

  15. Morgan Stanley - New York City, New York, United States

  16. MUFG (Mitsubishi UFJ Financial Group) - Tokyo, Japan

  17. NatWest (National Westminster Bank) - Edinburgh, Scotland, United Kingdom

  18. Nomura Holdings - Tokyo, Japan

  19. Royal Bank of Canada (RBC) - Toronto, Ontario, Canada

  20. Santander Group - Madrid, Spain

  21. Société Générale - Paris, France

  22. Standard Chartered - London, United Kingdom

  23. UBS (Union Bank of Switzerland) - Zurich, Switzerland

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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.

  1. Abu Dhabi Investment Authority (ADIA) - Based in Abu Dhabi, United Arab Emirates

  2. Acadian Asset Management - Based in London, United Kingdom

  3. AQR Capital - Based in Greenwich, Connecticut, United States

  4. Aspect Capital - Based in London, United Kingdom

  5. Balyasny Asset Management - Based in Chicago, United States

  6. Bainbridge Partners - Based in London, United Kingdom

  7. Bluefin Capital Management - Based in New York City, United States

  8. Brevan Howard - Based in London, United Kingdom

  9. Capula Investment Management - Based in London, United Kingdom

  10. Caxton Associates - Based in New York City, United States

  11. Citadel - Based in Chicago, United States

  12. DE Shaw - Based in New York City, United States

  13. Eisler Capital - Based in London, United Kingdom

  14. ExodusPoint Capital Management - Based in New York City, United States

  15. Farringdon Capital - Based in London, United Kingdom

  16. iSAM - Based in London, United Kingdom

  17. GAM Systematic - Based in Cambridge, United Kingdom

  18. G-Research - Based in London, United Kingdom

  19. Graham Capital Management - Based in Rowayton, Connecticut, United States

  20. GSA Capital - Based in London, United Kingdom

  21. Haidar Capital Management - Based in New York City, United States

  22. Man Group - Based in London, United Kingdom

  23. Maniyar Capital - Based in London, United Kingdom

  24. Millenium Partners - Based in New York City, United States

  25. Odey Asset Management - Based in London, United Kingdom

  26. OxFORD Asset Management - Based in Oxford, United Kingdom

  27. Point 72 - Based in Stamford, Connecticut, United States

  28. Qube Research & Technologies - Based in London, United Kingdom

  29. Rokos Capital - Based in London, United Kingdom

  30. Schonfeld - Based in New York City, United States

  31. Seamless Capital - Based in Cambridge, United Kingdom

  32. Sona Asset Management - Based in London, United Kingdom

  33. Squarepoint Capital - Based in New York City, United States

  34. Systematica Investments - Based in St Helier, Jersey

  35. Trexquant Investment - Based in Stamford, Connecticut, United States

  36. Two Sigma - Based in New York City, United States

  37. The Tudor Group - Based in Greenwich, Connecticut, United States

  38. Verition Fund Management - Based in Greenwich, Connecticut, United States

  39. Voleon Group - Based in Berkeley, California, United States

  40. Winton - Based in London, United Kingdom

  41. WorldQuant - Based in Greenwich, Connecticut, United States

  42. Xantium Group - Based in Greenwich, Connecticut, United States

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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.

  1. AllianceBernstein - Based in New York City, United States

  2. Amundi - Based in Paris, France

  3. AXA Investments - Based in Paris, France

  4. BlackRock - Based in New York City, United States

  5. Investec - Based in London, United Kingdom

  6. Janus Henderson Investors - Based in London, United Kingdom

  7. PIMCO - Based in Newport Beach, California, United States

  8. Rothesay Life - Based in London, United Kingdom

  9. Schroders - Based in London, United Kingdom

  10. State Street Corporation - Based in Boston, Massachusetts, United States

  11. T. Rowe Price - Based in Baltimore, Maryland, United States

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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.

  1. ABC Arbitrage - Based in Paris, France

  2. Akuna Capital - Based in Chicago, United States

  3. All Options - Based in Amsterdam, Netherlands

  4. Alphagrep - Based in Mumbai, India

  5. Belvedere Trading - Based in Chicago, United States

  6. Chicago Trading Company - Based in Chicago, United States

  7. Citadel Securities - Based in Chicago, United States

  8. Da Vinci Derivatives - Based in Amsterdam, Netherlands

  9. DRW - Based in Chicago, United States

  10. DV Trading - Based in Chicago, United States

  11. Eclipse Trading - Based in Hong Kong

  12. Epoch Capital - Based in Sydney, Australia

  13. Five Rings Capital - Based in New York, United States

  14. Flow Traders - Based in Amsterdam, Netherlands

  15. Geneva Trading - Based in Chicago, United States

  16. Headlands Technologies - Based in Chicago, United States

  17. Hudson River Trading - Based in New York, United States

  18. IMC - Based in Amsterdam, Netherlands

  19. Jane Street - Based in New York, United States

  20. Jump Trading - Based in Chicago, United States

  21. Mako Trading - Based in London, United Kingdom

  22. Maven Securities - Based in London, United Kingdom

  23. NXT Capital BV - Based in Amsterdam, Netherlands

  24. Old Mission Capital - Based in Chicago, United States

  25. Optiver - Based in Amsterdam, Netherlands

  26. Quadrature - Based in London, United Kingdom

  27. Quadeye - Based in Gurugram, India

  28. Susquehanna - Based in Bala Cynwyd, United States

  29. Tibra Capital - Based in Sydney, Australia

  30. Tower Research Capital - Based in New York, United States

  31. TradeLink Holdings - Based in Chicago, United States

  32. Tyler Capital - Based in London, United Kingdom

  33. Valkyrie Trading - Based in Chicago, United States

  34. Virtu Financial - Based in New York, United States

  35. Wolverine Trading - Based in Chicago, United States

  36. XTX Markets - Based in London, United Kingdom

  37. XY Capital - Based in Hong Kong

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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.

  1. Gambit Research - London, United Kingdom

  2. Mustard Systems - London, United Kingdom

  3. Smarkets - London, United Kingdom

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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.

  1. ADM (Archer Daniels Midland) - Chicago, Illinois, United States

  2. BP - London, United Kingdom

  3. Bunge Limited - White Plains, New York, United States

  4. Cargill - Minnetonka, Minnesota, United States

  5. Castleton Commodities International - Stamford, Connecticut, United States

  6. EDF Trading - London, United Kingdom

  7. Glencore - Baar, Switzerland

  8. Gunvor Group - Geneva, Switzerland

  9. Hartree Partners - New York City, New York, United States

  10. Koch Supply & Trading - Wichita, Kansas, United States

  11. Louis Dreyfus Company - Rotterdam, Netherlands

  12. Mercuria Energy Group - Geneva, Switzerland

  13. Noble Group - Hong Kong, China

  14. Trafigura - Amsterdam, Netherlands

  15. Vitol - Rotterdam, Netherlands

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Crypto Trading Firms

Crypto Trading firms are similar to hedge funds and propertiary trading firms but for the cryptocurrency markets.

  1. Alpha Lab Capital - London, United Kingdom

  2. B2C2 - London, United Kingdom

  3. Byte Trading - New York City, New York, United States

  4. Enigma Securities - London, United Kingdom

  5. Fasanara Capital - London, United Kingdom

  6. GSR - Hong Kong, China

  7. Numeus - Zurich, Switzerland

  8. Portofino Technologies - Hong Kong, China

  9. Wintermute - London, United Kingdom

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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.

  1. CME Group - Chicago, Illinois, United States

  2. Intercontinental Exchange (ICE) - Atlanta, Georgia, United States

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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.

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