Our History

1997: SEC implements Reg ATS and the order handling rules. This leads to the introduction of fully electronic trading systems such as Island and Archipelago and creates ideal venues for highly automated trading firms.

2001: Decimalization of the equities markets reduces the minimum price variation from 1/16th of a dollar to one penny allowing more efficient firms to compete by providing better prices to investors.

2002: Hudson River Trading LLC was founded. The founding partners realized that improved technology along with changes in the market created an environment in which efficient, highly automated firms could thrive while making markets more efficient for all market participants. Profitable since inception, HRT began hiring employees, seeking out highly intelligent and extremely capable individuals who shared their passion for solving problems.

2004: HRT participated in the industry-wide comment period on the Securities and Exchange Commission's proposed Regulation NMS, a broad proposal that addressed numerous market structure issues. HRT submitted a comment letter and consulted with SEC officials to offer suggestions for optimizing the nation's regulatory system to make stock trading more efficient for investors.

2005: Reg NMS is approved, codifying several aspects of electronic trading in SEC rules and leading all US equities exchanges to offer electronic trading.

2007: MiFid is implemented in the European Union eliminating barriers to entry to competing exchanges with superior technology.

Today: Today the firm is focused on expanding its operations to additional markets. While US products have been the cornerstone of HRT's trading, international markets are now open to electronic trading, creating opportunities around the world. As of fall 2009, HRT employs about 50 people and is actively seeking more bright minds to join the team.