Hedge funds and high-frequency trading

Hedge funds 8 companies

Hedge funds invest money for wealthy investors and institutions. Many use mathematical models and large amounts of data to decide what to buy and sell.

MillenniumMillennium, with engineers in Bengaluru, runs one of the world's largest hedge funds, with many separate trading teams.BengaluruHiring now

D. E. ShawD. E. Shaw, with engineers in Hyderabad, was among the first hedge funds run on computer models, and has worked in India for decades.HyderabadHired recently

Point72Point72 runs both human-led and model-led strategies from its Bengaluru centre.BengaluruHired recently

Trexquant InvestmentTrexquant, with engineers in Delhi NCR, runs strategies built from thousands of signals found by machine learning.Delhi NCRHired recently

AQR Capital ManagementAQR Capital Management builds its funds on academic research into traits linked to returns.

Brevan HowardBrevan Howard, with engineers in Bengaluru, invests on movements in economies and interest rates, and has a separate digital-assets arm.

Karanwal CapitalKaranwal Capital, with engineers in Mumbai, invests one family's money using computer-driven strategies.

Smrti LabSmrti Lab, with engineers in Hyderabad, runs a crypto fund and invests in blockchain start-ups.

High-frequency trading firms 4 companies

These firms trade with computers in fractions of a second, and many stand ready to buy or sell at any moment, which keeps markets moving.

IMC TradingIMC Trading is a Dutch firm that stands ready to buy or sell in markets around the world.MumbaiHiring now

Citadel SecuritiesCitadel Securities, with engineers in Delhi NCR, is one of the largest firms that always stands ready to buy or sell shares and options.Delhi NCR · MumbaiHired recently

Graviton Research CapitalGraviton, founded in Gurugram, is an Indian high-frequency trading firm whose systems trade on Indian and global exchanges.Delhi NCRHiring now

QI-CAP InvestmentsQI-CAP, with engineers in Bengaluru, builds very fast trading systems and mathematical models.

The tech, explainedHigh-frequency trading (HFT)

How it all worksStock trading and settlementMatched, cleared and settled by the next day.

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What's changing

India's options market draws the world's trading firms.

India has become one of the largest options markets in the world by number of contracts. Global trading firms have set up in India to trade it, even as the regulator tightens the rules for small investors.