Parallel Partners

Parallel Partners

Specializes in IT staffing for finance/trading

Overview

Parallel Partners and Next Step Systems recruit information technology professionals for full-time permanent roles in the financial services and trading industries. They match IT talent with roles at hedge funds, trading firms, banks, brokerages, and data providers across the U.S., using nationwide searches from their Chicago area offices. The firms differentiate themselves through a focused niche in financial technology recruiting, deep client and candidate networks, and a high rate of repeat business after long-standing partnerships (and after the 2014 acquisition that expanded resources). Their goal is to place top IT professionals into permanent positions at leading financial technology firms and strengthen leadership in IT recruiting.

About Parallel Partners

Simplify's Rating
Why Parallel Partners is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & Analytics

Consulting

Cybersecurity

Healthcare

Company Size

N/A

Company Stage

N/A

Total Funding

N/A

Headquarters

Dallas, Texas

Founded

2014

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Simplify's Take

What believers are saying

  • The website was updated in June 2026, showing active market presence.
  • The firm now markets AI, data analytics, and IT security placements, expanding demand.
  • Nationwide full-time and contract recruiting broadens hiring opportunities across multiple cities.

What critics are saying

  • IT staffing is commoditized; larger recruiters can undercut fees and poach clients.
  • Repeat-business dependence ties revenue to trading-hiring cycles and client budget freezes.
  • Next Step Systems acquired Parallel Partners in 2014, limiting brand autonomy and signaling integration risk.

What makes Parallel Partners unique

  • Since 1995, Parallel Partners has focused on technical recruiting for financial services and trading.
  • Its niche includes high-frequency trading, quant research, risk management, and market-data roles.
  • LinkedIn says 90% of business is repeat business, signaling sticky client relationships.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Health Savings Account/Flexible Spending Account

Life Insurance

Disability Insurance

Mental Health Support

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