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 manager