Chicago Trading Company

Chicago Trading Company

Proprietary trading using quantitative strategies

Overview

CTC trades its own capital in stocks, options, and futures for institutional clients. A team of traders, quants, technologists, and operations staff uses algorithms and data analysis to identify trading opportunities and execute trades. Profits come from timely pricing, risk management, and efficient execution, financed by its own balance sheet. The firm differentiates itself with internal capital generation, a collaborative culture, and offices in Chicago, Boulder, London, and New York to access global markets, aiming for steady profits by refining quantitative methods.

Significant Headcount Growth

About Chicago Trading Company

Simplify's Rating
Why Chicago Trading Company is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & Analytics

Quantitative Finance

Financial Services

Company Size

501-1,000

Company Stage

Debt Financing

Total Funding

$300M

Headquarters

Chicago, Illinois

Founded

1995

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Simplify's Take

What believers are saying

  • CTC posted June 2026 openings for senior engineers, researchers, and institutional derivatives sales.
  • CTC joined the Pyth network in 2026, extending crypto pricing distribution on-chain.
  • Built-in-Chicago listed 783 employees in June 2026, signaling continued scale and liquidity depth.

What critics are saying

  • CTC's 2023 breach exposed Social Security numbers, passports, and licenses, damaging trust.
  • Any July 2026 cyber incident can disrupt trading systems, trigger exits, and invite lawsuits.
  • Rapid hiring across FPGA, AI, and systematic roles strains execution and raises integration risk.

What makes Chicago Trading Company unique

  • CTC combines options market making with systematic research and low-latency engineering.
  • Lauren Rauch and Josh Schubkegel, both CTC veterans, became co-CEOs on January 1, 2026.
  • CTC spans Chicago, New York, London, and Amsterdam across derivatives and execution services.

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Funding

Total Funding

$300M

Above

Industry Average

Funded Over

0 Rounds

Benefits

Health Insurance

Parental Leave

Wellness Program

Flexible Work Hours

Growth & Insights and Company News

Headcount

6 month growth

6%

1 year growth

6%

2 year growth

6%
Business Wire
May 20th, 2026
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Kero Gaming raises $3m to boost micro-betting growth

Kero Gaming has closed a $3m Series A funding round, led by SIG Sports, to support what it calls "a new phase of accelerated growth."

PR Newswire
Apr 10th, 2025
SpectrAxe Secures Investment to Transform FX Market

Susquehanna International Group, IMC, and CTC have invested in SpectrAxe to transform the $300 billion/day FX options market. SpectrAxe's Series A funding will enhance its all-to-all CLOB platform, enabling direct trading among market participants and reducing market fragmentation. The investment supports SpectrAxe's global expansion and platform improvements, aiming to modernize OTC FX options trading by replacing manual methods with an exchange-style environment.

ETF Stream
Sep 17th, 2024
Chicago Trading Company hires Citi's Miller as head of ETF sales for EMEA

Chicago Trading Company (CTC) has hired Citi's Ben Miller as head of institutional ETF sales for EMEA.

Business Wire
Apr 10th, 2024
MEMX Expands Investor Base With Leading Options Firms

MEMX, a market operator founded by members to benefit all investors, today announced the successful completion of a strategic equity round of funding

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