BlackEdge Capital

What BlackEdge Capital does

BlackEdge Capital is a Chicago-based proprietary trading firm founded in 2009 that specializes in options market making across multiple US markets. As a registered market maker, the firm provides liquidity by continuously quoting bid and ask prices on options, capturing the spread regardless of market conditions and facilitating investor transactions. The firm is privately held, founder/owner-operated with Joshua Mateffy as founder and managing partner, and trades exclusively using its own capital — it does not manage external investor funds. BlackEdge is described as a small, nimble operation with 1-10 employees.

The firm operates a single integrated product: options market making services. Its underlying technology consists of an internally built trading system developed collaboratively between traders and a technology team, using a disciplined, iterative, scientific methodology. The technology stack emphasizes low-level systems engineering (networking, operating systems, compilers) and includes a proprietary virtual environment that enables senior staff to work remotely and connect with employees globally. Traders leverage the firm's extensive internal data and tooling, supported by structured training in quantitative methods and options pricing theory.

BlackEdge generates revenue from market making spreads rather than fees from end customers — earning the difference between bid and ask prices on options transactions. The firm does not publish financial results and has not disclosed external funding, ownership structure details, or revenue figures. It recruits talent through university career fairs (including Cornell), an Instagram presence, and the Greenhouse job board, running structured 10-week internship programs in both Trading and Software Engineering. The firm maintains a long-standing corporate social responsibility program, including a corporate sponsorship with the National Immigrant Justice Center dating to its 2009 founding.

Name

BlackEdge Capital

Legal name

BlackEdge Capital

Website

https://blackedge.com

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

1–10 employees

Short description

BlackEdge Capital is a Chicago-based proprietary trading firm founded in 2009 that provides options market making services across multiple US markets, capturing bid-ask spreads using its own capital and an internally developed trading system.

Ownership category

akta.pro rank

Product category

Options Market Making

NAICS

Securities and Commodity Contracts Intermediation and Brokerage (5231)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Equity Derivatives Trading (Options/Single-Stock & Index) (FSACAFAF)

akta.pro secondary industries

Equity Market Making & Liquidity Provision (Cash Equities) (FSACAFAJ), Options Brokerage (FSAEACAI)

Keywords

• Options market making
• Proprietary trading
• Liquidity provision
• Quantitative trading
• Financial market making

Headquarters

HQ city

Chicago

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Infrastructure, Marketing or Sales

Revenue model

1. Options Market Making: As a proprietary trading firm specializing in options market making, BlackEdge generates revenue by providing liquidity in financial markets. They earn the spread between bid and ask prices by always being willing to buy and sell options, regardless of market conditions. Their traders leverage quantitative education, options theory training, and internal data and tooling.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

BlackEdge Capital is a proprietary trading firm that acts as an options market maker, providing liquidity in US financial options markets by always being willing to buy and sell options regardless of market conditions. The firm's traders leverage quantitative education, options theory training, and extensive internal data and tooling supported by a proprietary trading system maintained by an in-house technology team.

Product overview

BlackEdge Capital is a proprietary trading firm offering a single unified product: options market making services. The company operates as a market maker providing liquidity in financial markets. The firm also offers structured internship programs in both Trading and Software Engineering disciplines, which provide training and collaborative opportunities using the company's internal data and trading system tooling.

Differentiator

Problem solved

Functional benefit

Products and services

• Options Market Making Services Proprietary options market making services that provide liquidity in US financial markets by continuously quoting both bid and ask prices, enabling investors and traders to buy and sell options regardless of market conditions.

Segments1 record

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Five partnerships are on record, tiered minor.

• National Immigrant Justice CenterminorOthersCharitable partnership - BlackEdge Capital has been a corporate sponsor since 2009. The NIJC provides immigration legal services to immigrants and refugees.
• Chicago Food BankminorOthersCharitable partnership supporting food security in the Chicago community.
• Girl ScoutsminorOthersCorporate sponsorship supporting youth development programs.
• One Warm CoatminorOthersCharitable partnership supporting coat donations for those in need.
• Lurie Children's Hospital (Step Up for Kids)minorOthersCharitable partnership supporting children's hospital fundraising events.

Scale indicators2 records

Recent moves5 records

Expansion highlights4 records

Market position

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Instagraminstagram.com/blackedgecapital
• Xx.com/blackedgecap
• Facebookfacebook.com/BlackEdgeCapital

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments16 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about BlackEdge Capital