Chicago Trading Company

Chicago Trading Company

Proprietary trading firm for financial markets

About Chicago Trading Company

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

Industries

Quantitative Finance

Financial Services

Company Size

501-1,000

Company Stage

Debt Financing

Total Funding

$300M

Headquarters

Chicago, Illinois

Founded

1995

Overview

Chicago Trading Company (CTC) engages in proprietary trading, using its own funds to trade financial instruments like stocks, options, and futures. The firm focuses on institutional clients such as banks and hedge funds, operating in competitive financial markets. CTC employs advanced technology and quantitative strategies to identify trading opportunities, relying on a team of traders, quantitative analysts, and technologists to develop these strategies. The company generates profits by capitalizing on market inefficiencies through precise trading and effective risk management. CTC fosters a culture of integrity and collaboration, encouraging team members to share ideas and solve market challenges together. With offices in Chicago, Boulder, London, and New York, CTC aims to access global markets and continuously seeks talented individuals to join its team.

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Simplify's Take

What believers are saying

  • CTC's expansion in Chicago indicates growth and increased trading capacity.
  • Hiring Ben Miller signals a strategic push into the growing ETF market.
  • Jonathan M. Grodnick's appointment as CEO strengthens leadership in derivatives trading.

What critics are saying

  • Data breach investigation could harm CTC's reputation and lead to financial liabilities.
  • SpectrAxe's platform enhancements may increase competition in the FX options market.
  • Expansion costs in Chicago may not yield immediate financial returns.

What makes Chicago Trading Company unique

  • CTC uses proprietary capital for trading, unlike firms managing external client funds.
  • CTC leverages advanced technology and quantitative strategies for informed trading decisions.
  • CTC's global presence allows access to diverse markets, enhancing trading opportunities.

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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

Company News

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

Turk Strauss
Nov 20th, 2023
Chicago Trading Company Data Breach Investigation

Turke & Strauss LLP, a leading data breach law firm, is investigating Chicago Trading Company regarding its recent data breach.

MarketBeat
Aug 3rd, 2023
CTC Capital Management LLC invests $202,000 in GoDaddy inc. (NYSE:GDDY)

CTC Capital Management LLC invests $202,000 in GoDaddy inc. (NYSE:GDDY).

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