Hudson River Trading (HRT) has emerged as a formidable player in the trading sector, boasting nearly $8 billion in net trading revenue for 2024, marking a remarkable growth trajectory. The firm has doubled its earnings compared to the previous year as it diversifies into new markets and longer-duration trades, particularly with its Prism unit, which focuses on hedge-fund-style strategies. Although the high-frequency trading segment remains a significant profit driver, HRT's evolution and strategic expansion have solidified its position alongside larger rivals, earning it a higher credit rating from S&P Global.
HRT's net trading revenue surged to nearly $8 billion in 2024, reflecting a robust expansion into new markets, asset classes, and longer-duration trading strategies.
Hudson River Trading has demonstrated remarkable growth by doubling its headcount and expanding its operations into systematic credit and hedge-fund-style trading.
The firm's Classic high-frequency trading business still accounts for approximately half of profits, showcasing the effectiveness of HRT's diversification and strategic evolution.
S&P Global noted HRT's earnings have nearly doubled from 2023, contributing to a higher credit rating and underscoring the firm's successful adaptability in a competitive landscape.
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