Overview

BlackEdge Capital is a Chicago-based proprietary trading firm that makes markets in exchange-cleared instruments both on and off exchange floors. It operates by posting bids and offers to provide liquidity and capture market inefficiencies, using technology and risk management to drive trading activity and control exposure. Unlike peers, it leverages the experience of its founders from a respected market-making firm and pursues a global growth path with a focus on handling risk and applying technical methods to identify price dislocations. Its goal is to become a leading global liquidity provider by using its market-making expertise to supply reliable liquidity and efficiently capture opportunities across markets.

Simplify's Take

What believers are saying

• Colocation upgrade boosts reliability for options market making operations.
• Technical stack enables innovative capture of trading inefficiencies.
• Mateffy's leadership drives expansion as top liquidity provider.

What critics are saying

• SEC CAT reporting costs exceed $1M yearly, draining 30-employee resources.
• Citadel Securities' 45% volume share squeezes BlackEdge's <1% market.
• DRW Trading poaches entire senior quant team, crippling pricing models.

What makes BlackEdge Capital unique

• BlackEdge Capital relocated middleware to colocation facility for superior options performance.
• Firm integrates JavaScript, HTML, and Twitter to capture market inefficiencies.
• Joshua Mateffy leads since 2009 as global liquidity provider in options.

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