Chicago-based HFT closes European equities team

Chopper Trading becomes the second US firm in a matter of weeks to pull back from the market amid mounting regulatory and operational costs

Chicago-based high-speed trading firm Chopper Trading has disbanded its fledgling European equities trading team, becoming the second US firm in a matter of weeks to pull back from the market amid mounting regulatory and operational costs.

Chopper decided to close a four-strong equities team at the end last month, after it failed to generate substantial profits.

WSJ Logo
Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With TrumpExternal link

Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With Trump