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.

About Chicago Trading Company

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

Simplify Jobs

Simplify's Take

What believers are saying

  • Lauren Rauch and Josh Schubkegel begin co-CEO leadership January 1, 2026.
  • Ben Miller's EMEA ETF sales hire expands institutional distribution beyond Chicago.
  • The $4.3 million Chicago expansion supports hiring, trading floor capacity, and operations.

What critics are saying

  • The data-breach investigation damages counterparty trust and triggers regulatory scrutiny within months.
  • Co-CEO governance creates slower decisions, internal friction, and weaker accountability during volatility.
  • ETF sales expansion faces entrenched bank competition, delaying revenue and wasting compensation spend.

What makes Chicago Trading Company unique

  • Founded in 1995, CTC specializes in options market making and derivatives liquidity.
  • CTC combines traders, quants, technologists, and operations on one collaborative platform.
  • Its platform spans infrastructure and custom software across equities, rates, and commodities.

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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

NEXT.io
May 7th, 2025
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 Limited
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

Turke & Strauss LLP
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.

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