Trillium Management
Trillium Management is a US-based proprietary trading firm founded in 2003 that trades equities with firm capital across offices in New York, Chicago, and Miami. It recruits and trains traders as employees, providing in-house proprietary technology, capital, and structured mentorship rather than serving external customers.
- Company typePrivate
- Founded2003
- HeadquartersNew York, United States
- Headcount51–100
- GTM typeB2B
- OfferingServices
What Trillium Management does
Trillium Management, LLC is a New York-based proprietary trading firm founded in 2003 that trades US equity markets using its own capital rather than managing external investor funds. The firm operates three trading floors — New York (headquarters, established 2003), Chicago (opened 2015), and Miami (trading floor since 2003, relocated to Biscayne Boulevard in 2017) — and employs approximately 150+ traders, 50+ trading support staff, and 100+ employees across technology, support, and finance functions. Trillium does not serve external paying customers; instead, it recruits traders as employees through a structured college recruiting and internship pipeline, with roughly half of full-time traders having begun as interns.
The firm's technology stack is built entirely in-house by an internal engineering team and consists of three integrated components: Signal Tools (real-time charting indicators, news aggregators, and social media monitoring for opportunity identification), a proprietary Execution Platform (delivering trading control and real-time market data access), and Post-Trade Analytics (trade tagging, simulation, and strategy refinement tools). In 2014, Trillium launched Surveyor, a post-trade surveillance platform and the firm's first public-facing product, opening a potential compliance-software vertical beyond internal use. The firm does not disclose revenue or financial figures; in 2021 it traded nearly 7 billion shares, a firm record.
Trillium's business model is proprietary trading revenue: traders receive a two-year base salary plus P&L-based bonuses, with mid-six-figure buying power provided after one week of training and no personal capital at risk. Revenue is generated entirely from successful trading positions in US equities and options, with traders able to expand into Canadian, OTC, and additional markets after their first year. The firm is privately held and founder-owned (Lee Maschler), led by CEO Barry Schwarz, CFO Diana Cucciniello, CTO Andrew Grabowski, and Chief Strategy Officer Howard Teitelman.
Trillium Management firmographics
Firmographics- Name
- Trillium Management
- Legal name
- Trillium Management, LLC
- Website
- https://trlm.com
- Company type
- Private
- Founded year
- 2003
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Trillium Management is a US-based proprietary trading firm founded in 2003 that trades equities with firm capital across offices in New York, Chicago, and Miami. It recruits and trains traders as employees, providing in-house proprietary technology, capital, and structured mentorship rather than serving external customers.
- Ownership category
- akta.pro rank
Trillium Management industry classification
Industry- Product category
- Proprietary Trading
- NAICS
- Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)
- SIC
- Commodity Contracts Brokers & Dealers (6221)
- akta.pro primary industry
- OTC Derivatives Market Making (Swaps & Options) (FSACANAE)
- akta.pro secondary industry
- Regulatory Change, Governance & Compliance Management (GRC) (FSACAJAK)
Keywords
Where Trillium Management is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
Trillium Management business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Proprietary Trading: The firm trades with its own capital in US equity markets (including equities and options), generating revenue from successful trading positions. Traders receive base salary plus P&L-based bonuses for their first two years, with earning potential increasing as they advance and take on larger positions.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Hybrid | Annual | Trader compensation for first two years |
Go-to-market motion2 records
Distribution channels1 record
Marketing channels5 records
Trillium Management product offering
Product offeringCore offering
Trillium Management is a proprietary trading firm that trades US equity and options markets using its own capital, generating revenue from successful trading positions. The firm recruits traders as employees and equips them with proprietary in-house trading technology (Signal Tools, Execution Platform, Post-Trade Analytics), firm capital, and a structured training and mentorship program. The firm also offers Surveyor, a post-trade surveillance platform launched in 2014 as its first publicly available product.
Product overview
Trillium Management offers a proprietary trading platform built entirely in-house, comprising multiple integrated components: Signal tools for market opportunity discovery (including real-time charting indicators, news aggregators, and social media monitoring), a proprietary Execution platform providing trading control and speed through real-time market data access, and Post-Trade Analytics for strategy refinement using analytics, tagging capabilities, and trade simulation tools. Additionally, the company launched Surveyor in 2014 as their first public product—a post-trade surveillance platform. The overall offering is a unified ecosystem designed to support manual traders with comprehensive tools from signal discovery through execution to post-trade analysis.
Differentiator
Problem solved
Functional benefit
Products and services
- Surveyor
Quantifiable outcome
- Nearly 7 billion shares traded in 2021, a firm record
- +1 more outcomes
Companies that use Trillium Management
Customer profileSegments5 records
Ideal customer profiles3 records
Trillium Management technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Trillium Management partnerships and signals
Strategic signalScale indicators7 records
Recent moves9 records
Expansion highlights5 records
Trillium Management competitors and assessment
Company assessmentBroad incumbents
- Optiver: Global proprietary trading firm specializing in options and equities market making across major exchanges. Comparable to Trillium's options trading activity with similar technology-driven approach, though Optiver is significantly larger and globally diversified.
- Citadel Securities: Major market maker and proprietary trading firm across global equities, options, and fixed income. Overlaps with Trillium's equities and options trading but operates at vastly larger scale with more diversified business lines and global presence.
- DRW Trading: Diversified proprietary trading firm trading multiple asset classes with firm capital, headquartered in Chicago. Comparable to Trillium's prop trading model and Chicago presence, though DRW is significantly larger and more diversified across asset classes.
- Jane Street: Large proprietary trading firm trading equities, options, ETFs, and other asset classes globally with firm capital. Comparable to Trillium's prop trading model and trader recruitment focus, though at significantly greater scale and broader market reach.
- Hudson River Trading: Quantitative proprietary trading firm using algorithmic strategies across equities, options, futures, and other asset classes. Comparable to Trillium as a prop trading firm, though HRT is fully systematic and substantially larger with greater asset class breadth.
- IMC Financial Markets: Global proprietary trading firm specializing in options market making and electronic trading. Comparable to Trillium's options trading activity with similar technology-driven approach, though IMC is much larger and globally diversified.
- Susquehanna International Group: Large proprietary trading and investment firm trading equities, options, and derivatives globally with firm capital. Comparable to Trillium's prop trading model and college recruiting focus, though at significantly greater scale, breadth, and with additional asset management activities.
Direct peers
- Wolverine Trading: Mid-sized proprietary trading firm recruiting college graduates to trade equities and options with firm capital from Chicago. Comparable to Trillium in scale, recruitment model, and focus on discretionary equities/options trading across multiple trading offices.
- Akuna Capital: Options-focused proprietary trading firm with both discretionary and electronic trading strategies. Comparable to Trillium's options trading focus, technology-driven approach, and trader-development pipeline, though Akuna has a stronger systematic component.
- Five Rings: Proprietary trading firm trading equities and options with both discretionary and quantitative strategies. Comparable to Trillium in scale, multi-office US presence, and equities/options trading focus with firm capital.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
Trillium Management social profiles
Digital presenceTrillium Management financial estimates
Financial estimateRevenue estimate
Valuation estimate
Trillium Management leadership team
Management profileNumber of profiles
Profiles7 records
Trillium Management subsidiaries and ownership
Company hierarchySubsidiaries1 record
Trillium Management funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Trillium Management M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Trillium Management
What does Trillium Management do?
Trillium Management is a proprietary trading firm that trades US equity and options markets using its own capital, generating revenue from successful trading positions. The firm recruits traders as employees and equips them with proprietary in-house trading technology (Signal Tools, Execution Platform, Post-Trade Analytics), firm capital, and a structured training and mentorship program. The firm also offers Surveyor, a post-trade surveillance platform launched in 2014 as its first publicly available product.
Is Trillium Management a public or private company?
Trillium Management is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Trillium Management founded?
Trillium Management was founded in 2003. It employs 51 to 100 people.
Where is Trillium Management based?
Trillium Management is headquartered in New York, United States, in the North America region.
How does Trillium Management make money?
One revenue line is on record: proprietary Trading.
Who are Trillium Management's main competitors?
Broad incumbents on record are Optiver, Citadel Securities, DRW Trading, Jane Street, Hudson River Trading, IMC Financial Markets and Susquehanna International Group. Direct peers are Wolverine Trading, Akuna Capital and Five Rings.
Does Trillium Management have an API?
No public API is recorded for Trillium Management.
What industry is Trillium Management in?
Trillium Management's product category is Proprietary Trading. Its primary akta.pro industry code is FSACANAE, OTC Derivatives Market Making (Swaps & Options), with a secondary code of FSACAJAK, Regulatory Change, Governance & Compliance Management (GRC). Its NAICS code is 523 and its SIC code is 6221.