Sun Trading, LLC

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Sun Trading, LLC
Sun Trading Logo.png
Headquarters Chicago, IL
Key People Jeff Wigley, Founder and Executive Chairman; Kevin Cuttica, Chief Executive Officer; Chris Malo, Chief Financial Officer
Employees 100+
Products Market maker & liquidity provider in multiple asset classes & registered with the Securities and Exchange Commission as a broker-dealer
Website www.suntradingllc.com

Sun Trading is a privately held proprietary trading firm that is diversified across geographies and asset classes, including equities, equity options, foreign exchange, fixed income and futures markets around the world. They trade these markets from three global offices located in Chicago, New York and London. Sun Trading has more than 100 employees in the U.S. and over 20 employees in London. [1]

On January 17, 2018, The Trade reported that Sun Trading would be acquired by the quant trading firm Hudson River Trading (HRT) in Q1 2018, the latest in a number of recent acquisitions in the HFT space.[2] Sun went up for sale in September of 2017, reflecting the struggles many firms in the sector have had as a result of low volatility. [3]

History

Bernard Dan was appointed president of Sun Trading on December 2, 2010.[4] He stepped down as CEO on June 5, 2015, handing the title to Kevin Cuttica, the firm's global head of trading.[5]

Sun bought New York-based options-trading firm Toro Trading in 2013 and acquired bond-trading firm Endeavor Trading in 2012.[6]

Products and Services

Sun Trading is a team of industry technology professionals who collaborate in creating trading strategies. It is led by a professional management team with extensive trading, markets and operational experience. The company's risk management system is designed to ensure that they control all elements of their business and operate within predetermined risk parameters. Its goal is to promote greater efficiency and deeper liquidity throughout the global marketplace.

Key People

References

  1. Sun Trading LLC. Sun Trading LLC.
  2. Sun Trading up for sale as sector struggles with low volatility. Financial Times.
  3. Sun Trading up for sale as sector struggles with low volatility. Financial Times.
  4. Ex-CBOT Boss Joins Proprietary Trading Firm. Wall Street Journal.
  5. Sun Trading CEO Bernard Dan Steps Down. Crain's Chicago Business.
  6. Ex-CBOT chief's trading firm to buy Chicago's Endeavor. Crain's Chicago Business.