Hudson River Trading generated a record $11.4bn in trading revenue in the second quarter as sharp market moves, including turbulence in AI-related stocks, created lucrative opportunities for the proprietary trading firm, according to a report by the Financial Times.
The Wall Street trading specialist produced $7.4bn in net profit for the three months through June, according to a person familiar with the results. The firm is also not expecting a repeat in the current quarter of the losses suffere...
Continue Reading
Sign up for FREE to read the full article and access 153K+ alternative investment headlines.