Squarepoint Capital Prop Trading Firm Overview

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Hi, anyone has some details about Squarepoint? It seems one of the up and coming firms out there but it is really hard to find info - like AUM, reputation, trading vehicles, style (high or mid-freq), structure (deshaw style, millennium style or something else). Where does it line up compared to other quant shops out there - like Citadel, 2s, Cubist? Thanks!

Information about Squarepoint Capital Prop Trading

Our users explained that the firm is a Barclays prop/quant spin-off that is fully automated, no traders. Those joining the firm will do so as a quantitative researcher or technologist.

The firm has three main offices in Singapore, London and NY, about 40-50 people in each. Each researcher implements their own signals and tracks independently and the trading system crosses opposite trades internally.

Reputation of Squarepoint Capital

Our users shared their thoughts about the type of firm and the reputation below.

henryj - Hedge Fund Quant:
they're more like the chicago prop shops rather than "hedge fund", should not care about the aum as it is negligible relative to the number of employees (just do the math). strategy are very short term with very limited capacity.

Not the same breed as cubist / 2sig / deshaw. and management not coming from same background like these 3.

Not to say it's not good firm, it's still a decent place, just different biz model, and don't expect it's the same as working at the above 3 firms.

fugu - Hedge Fund Quant:
You should probably explain what characteristics you attribute to a hedge fund versus a Chicago prop shop. From what I understand Squarepoint is more similar to the former in terms of culture. I have also no clue what you are trying to say about the management - that's all rather opaque. Personally, I think senior management is by far the biggest strength of the company. They have a balanced, long-term approach with a very reasonable attitude to risk.

The claim that 'strategy are very short term with very limited capacity' is wrong.

I agree that the AUM is a meaningless number. In the ultra high frequency space you can make a fortune with just a few million and your constraint is not the money you have but the money the market can absorb.

You can learn more about Squarepoint on the company website.

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Comments (8)

 
Oct 17, 2016 - 8:24pm

Thanks Lebron, yes you are right. it is automated and i'm interviewing for a quant researcher position. From what I know it has three main offices in Singapore, London and NY, about 40-50 people in each. Each researcher implements their own signals and tracks independently and the trading system crosses opposite trades internally. These are the kind of things I figured out so far, but I still don't know their AUM and their reputation on the street. How was the Barclays quant prop doing before the spin off?

 
Feb 27, 2017 - 12:51pm

they're more like the chicago prop shops rather than "hedge fund", should not care about the aum as it is negligible relative to the number of employees (just do the math). strategy are very short term with very limited capacity.

not the same breed as cubist / 2sig / deshaw. and management not coming from same background like these 3.

not to say it's not good firm, it's still a decent place, just different biz model, and don't expect it's the same as working at the above 3 firms.

 
Jun 14, 2017 - 5:44am

You should probably explain what characteristics you attribute to a hedge fund versus a Chicago prop shop. From what I understand Squarepoint is more similar to the former in terms of culture. I have also no clue what you are trying to say about the management - that's all rather opaque. Personally I think senior management is by far the biggest strength of the company. They have a balanced, long-term approach with a very reasonable attitude to risk.

The claim that 'strategy are very short term with very limited capacity' is wrong.

I agree that the AUM is a pretty meaningless number. In the ultra high frequency space you can make a fortune with just a few million and your constraint is not the money you have but the money the market can absorb.

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