Firm comparisons
Compare the major quant employers
How do the top quant firms differ?
They differ on three axes that matter more than brand: business model - proprietary trading, market making, hedge fund or multi-strategy platform; the strategies they run, which determines the work; and their compensation structure, where prop firms pay high fixed bonuses and platforms pay formulaic profit share with far more dispersion.
Jane Street vs Citadel / Citadel SecuritiesProprietary trading · Multi-strategy platformJane Street vs Hudson River TradingProprietary trading · Proprietary tradingCitadel / Citadel Securities vs Two SigmaMulti-strategy platform · Systematic managerJane Street vs OptiverProprietary trading · Market makerOptiver vs IMC TradingMarket maker · Market makerCitadel / Citadel Securities vs Millennium ManagementMulti-strategy platform · Multi-strategy platformTwo Sigma vs D. E. ShawSystematic manager · Systematic managerJump Trading vs Hudson River TradingProprietary trading · Proprietary tradingMillennium Management vs Point72Multi-strategy platform · Multi-strategy platformMan Group vs WintonSystematic manager · Systematic managerDRW vs Jump TradingProprietary trading · Proprietary tradingSusquehanna (SIG) vs OptiverMarket maker · Market makerSusquehanna (SIG) vs Jane StreetMarket maker · Proprietary tradingD. E. Shaw vs Citadel / Citadel SecuritiesSystematic manager · Multi-strategy platformTwo Sigma vs Jane StreetSystematic manager · Proprietary tradingHudson River Trading vs Citadel / Citadel SecuritiesProprietary trading · Multi-strategy platformJump Trading vs Citadel / Citadel SecuritiesProprietary trading · Multi-strategy platformIMC Trading vs Susquehanna (SIG)Market maker · Market makerDRW vs Citadel / Citadel SecuritiesProprietary trading · Multi-strategy platformD. E. Shaw vs Jane StreetSystematic manager · Proprietary tradingMillennium Management vs Two SigmaMulti-strategy platform · Systematic managerPoint72 vs Citadel / Citadel SecuritiesMulti-strategy platform · Multi-strategy platformMan Group vs Marshall WaceSystematic manager · Hedge fundIMC Trading vs Jane StreetMarket maker · Proprietary tradingHudson River Trading vs Two SigmaProprietary trading · Systematic managerJump Trading vs Jane StreetProprietary trading · Proprietary tradingD. E. Shaw vs Millennium ManagementSystematic manager · Multi-strategy platformDRW vs OptiverProprietary trading · Market makerMarshall Wace vs Millennium ManagementHedge fund · Multi-strategy platformWinton vs Two SigmaSystematic manager · Systematic manager