Key Takeaways
- • Qube Research and Technologies hired Beat Ammon as head of research for options market making, recruiting him from Hudson River Trading where he spent four years leading the same function.
- • Ammon brings 25 years of quantitative finance experience, including a decade as managing director at Morgan Stanley's automated options market making team and prior roles at Citadel and Credit Suisse dating back to 2001.
- • The hire supports Qube's strategic expansion into the US market, with planned offices in Chicago, New York, and Houston, though Ammon will be based at Qube's London headquarters.
- • Qube has differentiated itself among hedge funds by generating hundreds of millions of dollars through electronic market making—a capability traditionally dominated by specialized trading firms like Jane Street and Citadel Securities—requiring substantial technology infrastructure and talent.
- • The recruitment underscores intensifying competition for specialized quantitative talent in options market making as hedge funds increasingly compete with dedicated market-making firms for high-caliber technologists.
Summary
Qube Research and Technologies has strengthened its options market making division with the appointment of Beat Ammon as head of research for options market making, effective March 10, 2026. Ammon, who most recently served as an algorithmic developer at Hudson River Trading in New York, spent four years as head of options market making at HRT before his transition to Qube's London headquarters.
The hire reflects Qube's continued investment in quantitative talent despite moderating growth from its rapid 2024 expansion. Ammon's professional trajectory spans two and a half decades in quantitative finance and electronic market making. He served as a managing director at Morgan Stanley for approximately a decade, leading the bank's automated options market making team, and previously held the position of head of volatility arbitrage quant research at Citadel. His background extends to the early stages of algorithmic market making, having worked in market making technology at Credit Suisse beginning in 2001.
Qube's strategic entry into electronic market making positions it distinctly within the hedge fund landscape. The practice remains uncommon among traditional hedge funds due to substantial capital requirements for low-latency technology infrastructure. Instead, specialized trading firms including Jane Street and Citadel Securities have historically dominated the space. Qube has differentiated itself by employing a significantly higher concentration of technologists than typical hedge funds and maintaining operational similarities to established market-making firms. Bloomberg reported last year that Qube has generated hundreds of millions of dollars through market-making operations.
The appointment supports Qube's geographic expansion across the United States, with planned office openings in Chicago, New York, and Houston. Ammon's relocation to London rather than a planned US location indicates Qube's centralized research organization structure for its options strategy. The recruitment highlights escalating competition among institutional investors for top-tier quantitative talent in specialized trading disciplines.
The hire reflects Qube's continued investment in quantitative talent despite moderating growth from its rapid 2024 expansion. Ammon's professional trajectory spans two and a half decades in quantitative finance and electronic market making. He served as a managing director at Morgan Stanley for approximately a decade, leading the bank's automated options market making team, and previously held the position of head of volatility arbitrage quant research at Citadel. His background extends to the early stages of algorithmic market making, having worked in market making technology at Credit Suisse beginning in 2001.
Qube's strategic entry into electronic market making positions it distinctly within the hedge fund landscape. The practice remains uncommon among traditional hedge funds due to substantial capital requirements for low-latency technology infrastructure. Instead, specialized trading firms including Jane Street and Citadel Securities have historically dominated the space. Qube has differentiated itself by employing a significantly higher concentration of technologists than typical hedge funds and maintaining operational similarities to established market-making firms. Bloomberg reported last year that Qube has generated hundreds of millions of dollars through market-making operations.
The appointment supports Qube's geographic expansion across the United States, with planned office openings in Chicago, New York, and Houston. Ammon's relocation to London rather than a planned US location indicates Qube's centralized research organization structure for its options strategy. The recruitment highlights escalating competition among institutional investors for top-tier quantitative talent in specialized trading disciplines.
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