If you’re looking for a job at an electronic trading firm, Jane Street is hiring, but Jane Street made a $15bn loss in July and is maybe not so shiny any more (despite being up $50bn in the year to last Friday). How about somewhere else instead? How about…Graviton?
We have written about Graviton before. So has Bloomberg. Graviton is a high frequency trading firm (HFT) headquartered in India and founded by two unrelated 39 year-old graduates of the Indian Institute of Technology (IIT) in New Delhi, Ankit and Nishil Gupta. Bloomberg reported in April that Graviton was expanding in Singapore and London. Since then, it seems various building blocks have fallen into place.
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In Singapore, Graviton’s operation is run by Brian West, a former head of Asia at DRW and employee at Jump Trading, who joined in 2022. Graviton opened a new Singapore office spread across two floors in June and is now hiring quant traders, quant researchers and a central execution trader to communicate with brokers and exchanges. It’s also hired a global head of campus recruitment, Amanda Lim, who once worked for Singapore sovereign wealth fund GIC, and Michelle Lehoangonoc, who graduated from Nanyang Technological University in December and will be working in business development.
In London, we reported in February that Graviton had hired Ian Jack, a former head of the European business for Hudson River Trading, to run its European office. Heenjin Yoon joined as the London-based head of business development around the same time as Jack but it’s not clear whether the two have hired any people. Graviton isn’t advertising any jobs in London yet. Nor is Jack listed as a director of a UK based entity on Companies House. It’s understood that the London operation is focused on research and technology talent rather than actual trading.
The Guptas didn’t immediately respond to a query about Graviton’s hiring intentions. Graviton may be new to London and Singapore, but it is well established in India. Bloomberg said the firm was founded in 2014 and built a dominance in block trades on India’s National Stock Exchange. Graviton was one of the first Indian firms to use field programmable gate arrays (FPGAs), said Bloomberg. It also reportedly lets quants code in languages familiar to them and then converts the code into instructions executed directly onto the FPGAs.
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