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Hedge Fund

Squarepoint affiliate launches market-making unit

hedgeweek

3 months ago

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STG Group, a multi-asset trading firm specialising in systematic and quantitative strategies, and an affiliate of quantitative hedge fund Squarepoint Capital, is launching a new electronic market-making business, STG Securities.
According to a press statement, the new broker-dealer will operate independently from Squarepoint’s hedge fund operations and trade securities using its own capital.
Kirill Gelman will lead the new unit. Gelman previously oversaw automated options trading at Barclays, a...

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