London is establishing itself as a centre for quantitative finance, with a number of trading firms and investors based in the capital becoming multibillion-dollar forces in the market.
Algorithmic trading firm XTX along with quantitative investors Qube and Quadrature have each made more than ￡1bn in revenues over the past year according to public filings by their UK entities, cementing their positions at a time when London’s status as a global financial hub has been called into question.
So-called “quant” trading firms and hedge funds use mathematical models combined with vast amounts of data and computing power to spot correlations and asymmetries in asset prices and make bets.
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