Technology-focused Hedge Fund, AienTech, Closes after Making its Mark in FX as a Top Provider of Volume to Bank Platforms

Ugur Arslan, CEO at AienTech

Ugur Arslan, CEO at AienTech (Linkedin)

New York-based, high-frequency trading (HFT) firm AienTech is closing down after almost three years in operation, its chief executive and founder Ugur Arslan has confirmed. Details surrounding the closure are not yet known.

Launched in January 2011 with a staff of 12, the technology-focused, multi-strategy and multi-market hedge fund uses artificial intelligence and quantitative models to extract alpha from financial markets. However, Arslan insists his firm is different to other HFT firms, because it takes risk and does not use speed-only strategies. It also trades on single-bank platforms, which HFTs typically avoid due to their tight controls on any kind of arbitrage, he says.

Read more

Advertisements
This entry was posted in Breaking News, Foreign Exchange, High Frequency Trading, Practitioners, U.S. Economy, Wall Street and tagged , , , , , , , , , , , , , , , , . Bookmark the permalink.

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s