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Simplex Trading

Proprietary trading firm leveraging advanced tech

Overview

Simplex Trading builds and operates proprietary software and trading systems to identify and capitalize on financial opportunities in the markets. Its technology works through algorithms and tooling developed by in-house technologists and data-driven traders, enabling automated trade execution and continuous strategy refinement. It differentiates itself by relying on a fully in-house tech stack and collaborative team, rather than depending on off-the-shelf platforms. Its goal is to generate financial opportunity and growth through automation and advanced software while attracting top technical and trading talent.

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About Simplex Trading

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

Industries

Data & AnalyticsConsultingFintechAI & Machine LearningFinancial Services

Company Size

N/A

Company Stage

N/A

Total Funding

N/A

Headquarters

N/A

Founded

N/A

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Simplify Jobs

Simplify's take

What believers are saying

  • Simplex hired Benjamin Londergan in June 2026 for strategic business development.
  • It is hiring six roles in November 2026, including FPGA and algorithmic traders.
  • Q3 2026 increased XRP ETF exposure to $13.97 million, signaling active allocation appetite.

What critics are saying

  • Spread compression and faster rivals can erase market-making profits within quarters.
  • SEC, exchange, and clearinghouse rule changes can cripple leverage-heavy trading desks.
  • A bad technology outage or model blowup can trigger existential PnL losses.

What makes Simplex Trading unique

  • Simplex pairs proprietary trading with C++ and FPGA low-latency systems in Chicago.
  • Its November 2026 jobs target Delta One, volatility, and FPGA strategies.
  • Q3 2026 filings show breadth across 9,112 positions and multiple asset classes.

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Benefits

  • Health Insurance
  • Dental Insurance
  • Vision Insurance
  • 401(k) Company Match
  • Parental Leave
  • Tuition Reimbursement
  • Employee Discounts
  • Charity Match
  • Meal Benefits
  • Company Social Events

Company News

ETFDailyNews.com
Sep 24th, 2025
VanEck High Yield Muni ETF $HYD Shares Sold by CX Institutional

Finally, Simplex Trading LLC purchased a new stake in VanEck High Yield Muni ETF in the 1st quarter valued at approximately $40,000.

Finance Magnates
Jun 10th, 2024
Prop Firm Simplex Trading Welcomes Seasoned Veteran as New Managing Director

A financial and trading industry veteran with over 25 years of experience, Benjamin Londergan, joined Simplex Trading in June as the Managing Director of Strategic Business Development.

Business Wire
Feb 7th, 2024
Spline Data Announces Successful Release Of Real-Time Predictive Municipal Bond Pricing Product

CHICAGO--(BUSINESS WIRE)--Spline Data, a quantitative U.S. municipal bond data provider, today announced the successful release of its second municipal bond data product that provides real-time bid/ask pricing estimates to its growing list of customers. Spline’s new pricing data feed aims to utilize every trade in the municipal market—similar to its yield curves launched in 2023—and in contrast to traditional data feeds skewed toward institutional round lots. Updating every five minutes, Spline’s pricing feed offers a plug-and-play solution for building automation into municipal trading strategies. “As in many other markets, most of the software needed to trade municipal bonds in an automated fashion is available off the shelf, but a critical missing piece has, until now, eluded most desks: algo-quality pricing,” said Matthew Smith, founder and CEO of Spline Data. “In the past year, we’ve seen firsthand how quickly Spline customers’ businesses evolve utilizing our curves alone

MarketBeat
Feb 3rd, 2024
Veradigm (NASDAQ:MDRX) Research Coverage Started at StockNews.com

Simplex Trading LLC purchased a new stake in Veradigm in the 2nd quarter worth approximately $38,000.

Manchester Times
Jan 13th, 2024
Built In Honors Simplex Trading in Its Esteemed 2024 Best Places to Work Awards

Simplex Trading, a leading technology-driven, proprietary trading firm and one of the country's top market makers in equity options, today announced that it has been honored in Built In's 2024 Best Places To Work Awards.

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Simplex Trading is Hiring for 6 Jobs on Simplify!

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