High frequency trading profits in Europe: Hudson River Trading, Tower Research, and Jump Trading

Hudson River Trading's Profit in Europe Hudson River Trading is another pioneer in the high-frequency trading industry. Its profit in Europe can be found in its annual report filed in UK. Year Operation Profit 2018 127,440,207 2017 117,563,537 2016 128,458,864 2015 14,482,450 2014 11,087,940 2013 10,427,087 2012 10,602,395 2011 8,453,432 2010 3,334,470 To learn how much Hudson River Trading pay their employees, please check www.quanwei.tech Tower Research's Profit in Europe As a pioneer in the high-frequency trading industry, Tower Research Capital is also one of the biggest HFT players. While Tower is a private company and little information about its financial performance has been released to the public, we can still learn about Tower's performance in Europe from the annual reports filed by its European entity, Spire Europe Limited, in UK. From the table below, we can see that in 2015, a Tower trader in Europe can on average make $3 million profit before cost. Year Trading profit Trading cost Gross profit # of trading staff # of support staff 2018 121,157,274 74,367,658 46,789,616 51 49 2017 115,767,879 72,105,012 43,662,867 54 55 2016 149,811,406 81,706,206 68,105,200 53 44 2015 140,201,881 68,300,747 71,901,134 45 35 2014 94,608,640 44,752,110 49,856,530 22 34 2013 59,907,751 33,227,309 26,680,442 10 29 2012 72,957,510 37,724,869 35,232,641 6 9 2011 95,777,525 34,127,227 61,650,298 7 2010 32,109,027 8,608,568 23,500,459 6 2009 4,967,210 1,386,534 3,580,676 4 To learn how much Tower Research pays their employees, please check www.quanwei.tech . Jump Trading's Profit in Europe Due to the nature of its business, high-frequency trading (HFT) is one of the most secretive industries. Ther is little public information about the revenue of HFT firms, except the public HFT companies, e.g., Knight Capital Group and Virtu Financials. As one of the biggest HFT firms, Jump Trading is also the most secretive high-frequency trader. In 2014 June, there is a Bloomberg report on Jump Trading. Due to this public report, Jump Trading removed almost all the information from their website. However, we still can find some public information about Jump Trading's performance in Europe, from their UK-based company annual report. Below is Jump Trading's revenue and profit from 2009 to 2015 in Europe. Apparently, 2015 has been a good year for them, and their business continues to grow.  Year Turnover Profit Number of Employees 2018 146,567,000 60,534,000 124 2017 127,758,000 25,987,000 94 2016 130,578,622 27,018,920 68 2015 119,033,908 39,379,414 49 2014 97,108,150 27,100,428 47 2013 14,168,997 7,810,532 32 2012 14,737,287 1,489,834 19 2011 15,423,922 10,923,033 10 2010 8,705,601 6,593,429 4 2009 9,985,352 9,213,880 1