Fledgling HFT eyes hedge fund spin-out

HFT founded by former Optiver and Tibra traders looks to spin out its most successful strategies after a bumper year

A fledgling European high-speed trading firm is looking to spin out its most successful trading strategies into a hedge fund after a bumper first full year of activity.

Maven Securities, based in London, was established by a trio of former traders from Optiver and Tibra Capital in 2011. It posted total revenues of nearly £19 million last year, generated by a workforce of 18 people.

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