What Radix Trading does

Radix Trading, LLC is a privately-funded proprietary trading firm founded in 2012 and headquartered in Chicago, Illinois, with additional offices in New York and Amsterdam. The firm operates as a research-driven trading entity that monetizes through proprietary trading on major electronic markets across North America, Europe, and Asia, rather than through external client-facing products or services. It does not accept outside investments.

The firm's core offering is a proprietary automated research platform that combines machine learning and statistical methodologies to develop and execute trading strategies. The platform is designed to enable fast turnaround from idea inception to execution and continuous strategy enhancement, explicitly differentiating Radix from speed-based high-frequency trading by emphasizing statistical research and ML-driven signal generation over execution latency. Supporting infrastructure includes in-house supercomputer capabilities and a team that blends interdisciplinary academics (undergraduate, PhD, postdoc, and professors) from top universities with experienced researchers and senior technologists from Silicon Valley tech companies.

Commercially, Radix operates as a single integrated entity without distinct product lines, pricing models, or external customer relationships. Its European operations are conducted through a wholly-owned Dutch subsidiary, Radix Trading Europe B.V., which carries formal remuneration policies and Pillar III/IFR-IFD regulatory disclosures for compliance in EU markets. Revenue is generated entirely from proprietary trading P&L on regulated electronic exchanges, making Radix a pure-play quantitative trading operation rather than a software vendor, asset manager, or financial services intermediary.

Name

Radix Trading

Legal name

Radix Trading, LLC

Website

https://radix-trading.com

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

11–50 employees

Short description

Radix Trading is a privately-funded proprietary trading firm that uses machine learning and statistical research to develop and execute quantitative trading strategies on electronic markets across North America, Europe, and Asia. It operates from Chicago, New York, and Amsterdam without external clients.

Ownership category

akta.pro rank

Product category

Proprietary Algorithmic Trading

NAICS

Securities and Commodity Exchanges (5232), Securities and Commodity Exchanges (52321)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Commodity Contracts Brokers & Dealers (6221)

akta.pro primary industry

Copy Trading, Social Trading & Automated Trading Platforms (FSADAAAK)

akta.pro secondary industry

Multi-Asset Alternative Trading Systems (ATS) / Multilateral Trading Facilities (MTF) (FSAFAEAC)

Keywords

• Proprietary trading
• Algorithmic trading
• Machine learning trading
• Statistical trading strategies
• Electronic market trading

Headquarters

HQ city

Chicago

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Infrastructure, Operations

Revenue model

1. Proprietary Trading: The firm is monetized through trading on major electronic markets across North America, Europe and Asia. As a privately-funded company, they generate revenue through their trading activities powered by their research and technology platform.

Distribution channels1 record

Marketing channels1 record

Core offering

Radix Trading is a research firm powered by technology that monetizes its work through proprietary trading on major electronic markets across North America, Europe, and Asia. It develops and deploys automated trading strategies using innovative machine learning and statistical methodologies, supported by an in-house automated research platform that enables rapid turnaround from idea inception to execution. The firm does not sell products or services externally; it trades using its own capital and is privately funded without outside investment.

Product overview

Radix Trading is a single unified research firm offering focused on trading, powered by proprietary technology and an automated research platform. The company does not operate a platform-plus-modules architecture — no distinct named products, sub-products, or modules are offered. The company monetizes through trading and operates as a privately-funded entity without separate product lines or branded offerings.

Differentiator

Problem solved

Functional benefit

Segments1 record

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature3 records

Scale indicators2 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Optiver: Amsterdam-headquartered global market maker and proprietary trading firm. Direct peer given shared Amsterdam office location, quantitative approach, and European regulatory footprint.
• Jump Trading: Chicago-based quantitative trading firm with global operations across multiple asset classes. Direct peer due to similar Chicago roots, quantitative methodology, and worldwide electronic market participation.
• Citadel Securities: One of the world's largest market makers and proprietary trading firms, operating across global electronic markets. Direct peer as a quantitative trading firm with global multi-asset reach and significant technology investment.
• Akuna Capital: Chicago-based quantitative trading firm specializing in options market making and electronic trading. Direct peer given Chicago base, quantitative focus, and proprietary capital model.
• Hudson River Trading: Quantitative proprietary trading firm employing mathematical and computational techniques across global markets. Comparable given shared emphasis on algorithmic research, machine learning, and global multi-asset trading.
• DRW Trading: Chicago-headquartered diversified proprietary trading firm operating across asset classes globally. Direct peer given shared Chicago base, proprietary capital model, and multi-asset global trading footprint.
• Jane Street: Global quantitative proprietary trading firm that uses statistical and research-driven approaches across asset classes. Most comparable to Radix given shared emphasis on academic rigor and systematic research over speed.
• Wolverine Execution Services: Chicago-based proprietary trading firm with global execution services across asset classes. Direct peer given Chicago base and proprietary trading model.
• Susquehanna International Group: Global quantitative proprietary trading firm with options, equities, and multi-asset trading. Direct peer given quantitative research emphasis, global footprint, and proprietary capital model.

Broad incumbents

• Two Sigma Securities: Large technology-driven quantitative firm combining proprietary trading with broader investment management and technology businesses. Broad incumbent as a larger, more diversified quantitative player using similar ML and statistical approaches.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Radix Trading